Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:28vb:p2
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 28VB (pt 2/2)
Character Range: 237894–238517

year to which the drawdown cap applies in relation to the credit contract; and
 (e) the difference between the following amounts is refunded by the licensee or representative to the person who paid the benefit within 3 months after the end of the year to which the drawdown cap applies in relation to the credit contract:
 (i) the benefit paid to the licensee or representative;
 (ii) the benefit that would have been paid to the licensee or representative if the correct maximum drawdown net of offset for the credit contract for the year to which the drawdown cap applies in relation to the credit contract had been used.