Document ID: chunk:federal_register_of_legislation:C2020C00082:section:10
Version: federal_register_of_legislation:C2020C00082
Segment Type: section
Provision Reference: s 10
Character Range: 17990–18853

10  Making of default event declaration
 (1) As soon as practicable after the Secretary first becomes aware that:
 (a) an insolvency event has occurred in relation to a person who is or has been an approved provider (the approved provider or former approved provider); and
 (b) there is at least one outstanding accommodation payment balance of the approved provider or former approved provider;
the Secretary must make a default event declaration.
 (2) The default event declaration must:
 (a) be in writing; and
 (b) state that an insolvency event has occurred in relation to the approved provider or former approved provider; and
 (c) state that the Secretary considers that there is at least one outstanding accommodation payment balance of the approved provider or former approved provider.
 (3) A default event declaration is not a legislative instrument.