Document ID: chunk:federal_register_of_legislation:C2023A00014:clause:1_22xnl
Version: federal_register_of_legislation:C2023A00014
Segment Type: clause
Provision Reference: sch 1 cl 22XNL
Character Range: 28196–28678

22XNL  Set‑off
  If:
 (a) an amount (the first amount) is payable under section 22XNI or 22XNJ by a person; and
 (b) the following conditions are satisfied in relation to another amount (the second amount):
 (i) the amount is payable by the Commonwealth to the person;
 (ii) the amount is of a kind specified in the safeguard rules;
the Regulator may, on behalf of the Commonwealth, set off the whole or a part of the first amount against the whole or a part of the second amount.