Document ID: chunk:federal_register_of_legislation:F2024L00194:reg:21
Version: federal_register_of_legislation:F2024L00194
Segment Type: reg
Provision Reference: reg 21
Character Range: 24017–25863

21  Conditions of eligibility—third parties
  For the purposes of paragraph 62ZZG(3)(b) of the Act, the prescribed conditions in relation to a person are that:
 (a) the person is an Australian citizen or permanent resident; or
 (b) both of the following subparagraphs apply in relation to the person:
 (i) the person is an individual;
 (ii) the insurance cover specified in the determination mentioned in paragraph 62ZZG(1)(a) of the Act, because of which the individual is entitled to recover the recoverable amount, is insurance cover in respect of a risk that is located in Australia; or
 (c) both of the following subparagraphs apply in relation to the person:
 (i) the person is a small business entity, a not‑for‑profit body or a trustee of a family trust;
 (ii) the central management and control of the small business entity, not‑for‑profit body or trustee is located in Australia; or
 (d) all of the following subparagraphs apply in relation to the person:
 (i) the insurance cover specified in the determination mentioned in paragraph 62ZZG(1)(a) of the Act, because of which the person is entitled to recover the recoverable amount, is insurance cover provided in relation to a small business entity;
 (ii) the central management and control of the small business entity is located in Australia;
 (iii) the small business entity is not a corporation or an individual; or
 (e) all of the following subparagraphs apply in relation to the person:
 (i) the insurance cover specified in the determination mentioned in paragraph 62ZZG(1)(a) of the Act, because of which the person is entitled to recover the recoverable amount, is insurance cover provided in relation to a not‑for‑profit body;
 (ii) the central management and control of the not‑for‑profit body is located in Australia;
 (iii) the not‑for‑profit body is not a corporation.