Document ID: chunk:federal_register_of_legislation:C2004A00861:clause:1_37v
Version: federal_register_of_legislation:C2004A00861
Segment Type: clause
Provision Reference: sch 1 cl 37V
Character Range: 19918–20623

37V  Adjustment of eligibility for payment rights etc.—death

  The SDA scheme may make provision for and in relation to the adjustment of:
 (a) eligibility for the grant of payment rights under the scheme; and
 (b) the calculation of the face value of payment rights under the scheme;
in relation to the death of an individual who would have otherwise been eligible to be granted a payment right under the SDA scheme.

Note: For example, the SDA scheme may contain provisions setting out the eligibility of the trustee of the deceased estate, or of one or more beneficiaries in the estate, to be granted a payment right under the scheme and setting out the calculation of the face value of that right.