Document ID: chunk:federal_register_of_legislation:C2025C00162:section:1061zzcj
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 1061ZZCJ
Character Range: 1562448–1563247

1061ZZCJ  Person not required to, but may, make repayments during contract period
 (1) Subject to sections 1061ZZDE, 1061ZZDL, 1061ZZDV and 1061ZZEE, a person who is a party to a financial supplement contract with a participating corporation is not required during the contract period to make a repayment of the amount outstanding under the contract.
 (2) Non‑payment by the person during the contract period of the amount outstanding is not a default under the contract for the purposes of any law of the Commonwealth, of a State or of a Territory.
 (3) However, the person may, at any time during the contract period, make a repayment (an amount repaid) to the corporation of the whole or a part of the amount outstanding at that time.
 (4) Subsection (3) has effect subject to section 1061ZZCL.