Document ID: chunk:federal_register_of_legislation:F2024C00993:reg:14
Version: federal_register_of_legislation:F2024C00993
Segment Type: reg
Provision Reference: reg 14
Character Range: 17944–19225

14  Payment to approved person
 (1) This section applies to a person who is a participating person because of an approval under section 6 of this Instrument (approved person).
 (2) The approved person is entitled to:
 (a) the CAPS payment specified in subsection 11(1) or 11(2), whichever applies in the circumstances, in the financial year in which the application is approved; and
 (b) the CAPS payment specified in subsection 11(1) in each subsequent financial year as long as the person's participation has not ceased on a date before 1 July of that financial year.
 (3) The Chief Executive Medicare must make a CAPS payment for the approved person:
 (a) if the person is a participating person on 1 July in the financial year:
 (i) by 30 July in the financial year; or
 (ii) if the payment is by instalments, in the manner specified in subsection 13(2); or
 (b) if an application under section 6 is received after 1 July but before 31 December in the financial year and is approved:
 (i) within 30 days of approving the application; or
 (ii) if the payment is by instalments, in the manner specified in subsection 13(3);or
 (c) if an application under section 6 is received after 31 December in the financial year and is approved—within 30 days of approving the application.