Document ID: chunk:federal_register_of_legislation:F2019N00116:reg:10
Version: federal_register_of_legislation:F2019N00116
Segment Type: reg
Provision Reference: reg 10
Character Range: 21668–22813

10  Paragraph 13A(1)(c)- Adverse changes in financial capacity
 (1) Paragraph 13A(1)(c) of the NDIS Provider Registration and Practice Standards Rules requires a registered NDIS provider to give the Commissioner notice of an adverse change in the provider's financial capacity to provide any of the supports or services the provider is registered to provide.
 (2) The Commissioner considers that the following matters are some examples of adverse changes in the provider's financial capacity to provide any of the supports or services the provider is registered to provide:
              (a)    Where the provider is the subject of legal proceedings or other action which seek to have it declared bankrupt, enter liquidation, made an insolvent under administration or become a Chapter 5 body corporate (within the meaning of the Corporations Act 2001 (Cth));
              (b)      Where the provider has been served with a statutory demand under the Corporations Act 2001 (Cth) for the recovery of a debt;
              (c)      Where the provider is unable to meet workforce payroll obligations for more than two consecutive payroll periods.