Document ID: chunk:federal_register_of_legislation:C2021A00132:clause:1_65bf
Version: federal_register_of_legislation:C2021A00132
Segment Type: clause
Provision Reference: sch 1 cl 65BF
Character Range: 15631–16595

65BF  Payments repayable if conditions breached etc.
 (1) The NTAI Corporation may give written notice to an individual or body to whom a payment or loan has been made under this Part stating that the NTAI Corporation is satisfied that the individual or body has failed to fulfil a term or condition of the payment or loan.
 (2) An individual or body who is given notice under subsection (1) in relation to a payment is liable to pay to the NTAI Corporation an amount equal to:
 (a) the amount of the payment; or
 (b) so much of that payment as the NTAI Corporation specifies in the notice.
 (3) An individual or body who is given notice under subsection (1) in relation to a loan is liable to pay to the NTAI Corporation, immediately, an amount equal to the sum of:
 (a) so much of the amount of the loan as has not yet been repaid; and
 (b) any accrued interest that has not been paid;
or so much of that amount as the NTAI Corporation specifies in the notice.