Document ID: chunk:federal_register_of_legislation:C2023A00046:clause:1_21
Version: federal_register_of_legislation:C2023A00046
Segment Type: clause
Provision Reference: sch 1 cl 21
Character Range: 49059–49764

21  After paragraph 80(1)(fb)
Insert:
 (fba) if all of the following apply:
 (i) an individual who holds a licence, a partner in a partnership, a body corporate or a trustee of a trust is required to pay an amount in accordance with a relevant AFCA determination (within the meaning of the Corporations Act 2001);
 (ii) the CSLR operator (within the meaning of that Act) has paid, under section 1063 of that Act, an amount of compensation for the relevant AFCA determination;
 (iii) at the time the payment is made by the CSLR operator, the person is the individual licensee, a partner in the partnership, an officer (within the meaning of that Act) of the body corporate or the trustee of the trust; or