Appeals, finality of decisions, and vesting of unclaimed accumulations

(7) If a claim for payment is rejected, the employee shall have a right of appeal to the Industrial Court, and the Board shall comply with any order made in appeal. An appeal shall lie within sixty days of the decision of the Authority. The Industrial Court shall give its decision ordinarily within a period of sixty days from the date on which appeal is presented before it. (8) The decision of the Authority, subject to appeal aforesaid and the decision in appeal of the Industrial Court shall be final and conclusive as to the right to receive payment, the liability of the Board to pay and also as to the amount. If no claim is made within the time specified in sub-section (3) or a claim has been duly rejected as aforesaid by the authority, or on appeal by the Court, then the unpaid accumulation in respect of such claim shall accrue to, and vest in, the Board as bona vacant, and shall thereafter without further assurance be deemed to be transferred to, and form part of the Fund. (10) Where the authority or the Industrial Court is unable to deliver its decision within the period specified in sub-section (5) or sub-section (7) as the case may be, it shall record the reasons therefor.