Document ID: chunk:federal_register_of_legislation:F2022L01302:clause:1_6
Version: federal_register_of_legislation:F2022L01302
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 2103–2978

6  Requirements for payment
 (1) If the TPS Director must pay an amount to a registered provider under paragraph 50B(3)(a) of the Act, the payment must be:
 (a) made electronically;
 (b) in Australian dollars paid into a transaction account nominated by, and in the name of, the provider; and
 (c) paid into an account held with an authorised deposit-taking institution.
 (2) If the TPS Director must pay an amount to a person under paragraph 50B(3)(b) of the Act, the payment must be:
 (a) made electronically; and
 (b) in Australian dollars paid into a transaction account nominated by, and in the name of, the person.
 (3) If the TPS Director must pay an amount to a student under paragraph 50B(3)(c) of the Act, the payment must be:
 (a) made electronically; and
 (b) in Australian dollars paid into a transaction account nominated by, and in the name of, the student.