Document ID: chunk:federal_register_of_legislation:C2006A00028:clause:2_5
Version: federal_register_of_legislation:C2006A00028
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 13697–14267

5  Before section 57‑22
Insert:

57‑21B  Payment of interest on entry contribution balance

 (1) An approved provider that is required under a *formal agreement to refund an *entry contribution balance must pay an amount representing interest on the entry contribution balance in the circumstances (if any) specified in the User Rights Principles.

 (2) The amount is to be worked out in accordance with the User Rights Principles.

 (3) The amount must be paid to the person specified in the User Rights Principles in the way specified in the User Rights Principles.