Document ID: chunk:federal_register_of_legislation:C2004C01135:clause:2_1061zzaz
Version: federal_register_of_legislation:C2004C01135
Segment Type: clause
Provision Reference: sch 2 cl 1061ZZAZ
Character Range: 75135–75697

1061ZZAZ  Liability for money paid under a financial supplement contract

 (1) A participating corporation may rely on advice given by the Commonwealth to decide:
 (a) whether it must pay financial supplement to a person; and
 (b) the amount of financial supplement.

 (2) An amount paid to a person by a corporation, relying on advice given by the Commonwealth, is taken to be financial supplement paid under the contract even though the person may not have been eligible to obtain the amount.

 (3) Subsection (2) does not affect the operation of Part 2B.2.