Document ID: chunk:federal_register_of_legislation:F2025C00069:clause:1_207
Version: federal_register_of_legislation:F2025C00069
Segment Type: clause
Provision Reference: sch 1 cl 207
Character Range: 821370–823292

207        The Regulator has determined under subregulation 6.19A(2) that a specified amount of benefits in the approved deposit fund may be released on a compassionate ground                                                                                                                 A single lump sum, not exceeding the amount determined, in writing, by the Regulator, being an amount that:
                                                                                                                                                                                                                                                                                                (a) taking account of the ground and of the person's financial capacity, is reasonably required; and
                                                                                                                                                                                                                                                                                                (b) in the case of the ground mentioned in paragraph 6.19A(1)(b)—in each 12 month period (beginning on the date of first payment), does not exceed an amount equal to the sum of:
                                                                                                                                                                                                                                                                                                (i) 3 months' repayments; and
                                                                                                                                                                                                                                                                                                (ii) 12 months' interest on the outstanding balance of the loan.