Document ID: chunk:federal_register_of_legislation:F2024C01224:clause:2_109
Version: federal_register_of_legislation:F2024C01224
Segment Type: clause
Provision Reference: sch 2 cl 109
Character Range: 274972–276904

109    The Regulator has determined under subregulation 4.22A(2) that a specified amount of benefits in the RSA may be released on a compassionate ground                                                                                                                                         A single lump sum, not exceeding the amount determined, in writing, by the Regulator, being an amount that:
                                                                                                                                                                                                                                                                                                  (a) taking account of the ground and of the person's financial capacity, is reasonably required; and
                                                                                                                                                                                                                                                                                                  (b) in the case of the ground mentioned in paragraph 4.22A(1)(b)—in each 12 month period (beginning on the date of first payment), does not exceed an amount equal to the sum of:
                                                                                                                                                                                                                                                                                                  (i) 3 months' repayments; and
                                                                                                                                                                                                                                                                                                  (ii) 12 months' interest on the outstanding balance of the loan.