(1) Subject to the provisions of this Act and of any written law relating to negative prescription, any person suffering damage by reason of—
(a) any rectification of the register under this Act;
(b) any mistake or omission in the register which cannot be rectified under this Act, other than a mistake or omission in a first registration; or
(c) any error in a certificate of official search issued by the Registrar or a copy of or extract from the register or in a copy of or extract from any document or plan, certified under the provision of this Act,
shall be entitled to be compensated by the Government out of money provided from the Consolidated Fund.
(2) No compensation shall be payable under this Act to any person who has himself or herself caused or substantially contributed to the damage by his or her fraud or negligence, or who derives title (otherwise than under a registered disposition made in good faith and for consideration) from a person who so caused or substantially contributed to the damage.