Document ID: chunk:federal_register_of_legislation:C2010A00038:clause:2_6
Version: federal_register_of_legislation:C2010A00038
Segment Type: clause
Provision Reference: sch 2 cl 6
Character Range: 13735–14472

6  Subsection 123WL(3)
Repeal the subsection, substitute:

Payment of residual amount
 (3) The residual amount is to be paid in one or more of the following ways (as determined by the Secretary):
 (a) to the legal personal representative of the person;
 (b) to one or more other persons whom the Secretary is satisfied have carried out, are carrying out, or will carry out, an appropriate activity in relation to the estate or affairs of the person;
 (c) to the credit of a bank account nominated by the person for the purposes of subsection 55(2).
An amount that is to be paid under this subsection is to be paid as a lump sum on a day determined by the Secretary.
 (3A) A person may be paid more than one amount under subsection (3).