Document ID: chunk:federal_register_of_legislation:C2021A00005:clause:2_5
Version: federal_register_of_legislation:C2021A00005
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 45819–46725

5  After subsection 6V(1)
Insert:
 (1A) If an obligation of the individual to make a monthly payment is, or is taken by subsection (1B) to be, affected by a financial hardship arrangement, then repayment history information is to be determined by reference to that obligation as so affected.
Note: In this case, there may be financial hardship information: see subsections 6QA(4) and (5).
 (1B) If, under a financial hardship arrangement, an individual is not required to make a monthly payment for a month, then, for the purposes of subsections (1) and (1A) and section 6QA:
 (a) a monthly payment is taken to have been due and payable on the day on which it would have been due and payable apart from the arrangement; and
 (b) the individual is taken to have met the obligation to make the monthly payment; and
 (c) the obligation to make the monthly payment is taken to be affected by the arrangement.