Document ID: chunk:federal_register_of_legislation:C2021A00109:clause:5_2
Version: federal_register_of_legislation:C2021A00109
Segment Type: clause
Provision Reference: sch 5 cl 2
Character Range: 28538–29271

2  After subsection 48(1A)
Insert:
 (1B) Despite the requirement in subsection (1) or (1A) that the redress payment be paid as soon as practicable, the Operator may pay the redress payment in such instalments, and at such times, (if any) as are agreed to by written agreement between the person or administrator (whichever is applicable) and the Operator.
 (1C) Subsection (1B) does not apply if the person dies before the first instalment is paid.
 (1D) If:
 (a) the Operator pays part of the redress payment in one or more instalments; and
 (b) the person dies before the Operator pays the last instalment;
the Operator must pay the unpaid amount of the payment, in accordance with subsection (1) or (1A), as soon as practicable.