Document ID: chunk:federal_register_of_legislation:C2004C01135:clause:2_1061zzec
Version: federal_register_of_legislation:C2004C01135
Segment Type: clause
Provision Reference: sch 2 cl 1061ZZEC
Character Range: 128042–129208

1061ZZEC  Transfer of corporation's rights to Commonwealth

 (1) On the giving of the notice to the corporation, the corporation's rights referred to in subsection (2) or (3), as the case may be, are transferred to the Commonwealth by this subsection.

 (2) If the statement was in a supplement entitlement notice given under subsection 1061ZZAC(3) or 1061ZZAD(4), the rights transferred are the corporation's rights under the contract that relate to payment of financial supplement during the period:
 (a) beginning at the start of the contract period; and
 (b) ending at the end of the period of 4 weeks referred to in subsection 1061ZZDY(3).

 (3) If the statement was in a supplement entitlement notice referred to in subsection 1061ZZAE(3), the rights transferred are the corporation's rights under the contract that relate to payment of financial supplement during the period:
 (a) beginning at the commencement of this Chapter; and
 (b) ending at the end of the period of 4 weeks referred to in subsection 1061ZZDY(3).

 (4) Financial supplement paid during the period referred to in subsection (2) or (3), as the case requires, is wrongly paid supplement.