Document ID: chunk:federal_register_of_legislation:C2025C00122:section:2:p15
Version: federal_register_of_legislation:C2025C00122
Segment Type: section
Provision Reference: s 2 (pt 15/53)
Character Range: 375576–378556

of which; or
 (b) any event on the occurrence of which;
the determination will cease to be in force.
 (9) A determination under subsection (1) is not a legislative instrument.

52K‑2  Revoking determinations of financial hardship
 (1) The Secretary may, in accordance with the Fees and Payments Principles, revoke a determination under section 52K‑1.
Note: Revocations of determinations are reviewable under Part 6.1.
 (2) Before deciding to revoke the determination, the Secretary must notify the person and the approved provider concerned that revocation is being considered.
 (3) The notice must be in writing and must:
 (a) invite the person and the approved provider to make submissions, in writing, to the Secretary within 28 days after receiving the notice; and
 (b) inform them that if no submissions are made within that period, the revocation takes effect on the day after the last day for making submissions.
 (4) In making the decision whether to revoke the determination, the Secretary must consider any submissions received within the period for making submissions. The Secretary must make the decision within 28 days after the end of that period.
 (5) The Secretary must notify, in writing, the person and the approved provider of the decision.
 (6) The notice must be given to the person and the approved provider within 28 days after the end of the period for making submissions.
 (7) If the notice is not given within that period, the Secretary is taken to have decided not to revoke the determination.
 (8) A revocation has effect:
 (a) if the person and the approved provider received notice under subsection (5) on the same day—the day after that day; or
 (b) if they received the notice on different days—the day after the later of those days.

Part 3A.3—Managing refundable deposits, accommodation bonds and entry contributions

Division 52L—Introduction

52L‑1  What this Part is about
      *Refundable deposits, *accommodation bonds and *entry contributions must be managed in accordance with the prudential requirements made under Division 52M and the rules set out in Division 52N (permitted uses) and Division 52P (refunds).

Table of Divisions
52L Introduction
52M Prudential requirements
52N Permitted uses
52P Refunds

Division 52M—Prudential requirements

52M‑1  Compliance with prudential requirements
 (1) An *approved provider must comply with the Prudential Standards.
 (2) The Fees and Payments Principles may set out Prudential Standards providing for:
 (a) protection of *refundable deposit balances, *accommodation bond balances and *entry contribution balances of care recipients; and
 (b) sound financial management of approved providers; and
 (c) provision of information about the financial management of approved providers.

Division 52N—Permitted uses

52N‑1  Refundable deposits and accommodation bonds to be used only for permitted purposes
 (1) An approved provider must not use a *refundable deposit or *accommodation bond unless