Document ID: chunk:federal_register_of_legislation:C2023A00046:clause:1_16
Version: federal_register_of_legislation:C2023A00046
Segment Type: clause
Provision Reference: sch 1 cl 16
Character Range: 46918–47523

16  After paragraph 920A(1)(j)
Insert:
 (ja) all of the following apply:
 (i) an individual who holds an Australian financial services licence, a partner in a partnership, a body corporate or a trustee of a trust is required to pay an amount in accordance with a relevant AFCA determination;
 (ii) the CSLR operator has paid, under section 1063, an amount of compensation for the relevant AFCA determination;
 (iii) at the time the payment is made by the CSLR operator, the person is the individual licensee, a partner in the partnership, an officer of the body corporate or the trustee of the trust; or