Document ID: chunk:federal_register_of_legislation:C2005C00734:clause:1_500ze
Version: federal_register_of_legislation:C2005C00734
Segment Type: clause
Provision Reference: sch 1 cl 500ZE
Character Range: 12982–14231

500ZE  Interaction with participation agreement breach rate reduction periods

Application of section

 (1) This section applies if:
 (a) a participation agreement breach non‑payment period applies to a person; and
 (b) during the whole or a part of that period, the whole or a part of a participation payment breach rate reduction period (overlap period) applies to the person.

Overlap period

 (2) Subject to subsection (4), the participation agreement breach non‑payment period and the participation agreement breach rate reduction period are to run concurrently during the overlap period.

Which restriction is to apply

 (3) Only the non‑payment restriction relating to the participation agreement breach non‑payment period is to apply to the person during the overlap period.

Pre‑existing participation agreement breach rate reduction period

 (4) If, at the time of the commencement of a participation agreement breach non‑payment period under this Act, the person is already subject to a participation agreement breach rate reduction period (pre‑existing reduction period), the pre‑existing reduction period is taken to end immediately before the commencement of the participation agreement breach non‑payment period under this Part.