Document ID: chunk:federal_register_of_legislation:F2024L00731:reg:14:p2
Version: federal_register_of_legislation:F2024L00731
Segment Type: reg
Provision Reference: reg 14 (pt 2/2)
Character Range: 14823–16024

persons continues (if necessary) until the goods are eventually acquired, within the period mentioned in that subparagraph, by a person who is not entitled to the concession.
 (3) For the purposes of paragraph (1)(a), the amount to be repaid is:
 (a) for an acquisition to which subparagraph (1)(a)(i) or (ii) applies—the proportion of the amount paid under section 11C of the Act in relation to the acquisition that is equal to the proportion of the period mentioned in that subparagraph remaining after OCCAR disposes of the goods; and
 (b) for an acquisition to which subparagraph (1)(a)(iii) or (iv) applies—the amount paid under section 11C of the Act in relation to the acquisition.
 (4) However, for an acquisition to which subparagraph (1)(a)(i) or (ii) applies, OCCAR is not required to repay an amount paid under section 11C of the Act in relation to a lease payment that relates to a period before OCCAR disposes of the goods.
 (5) The amount mentioned in subsection 11C(1) of the Act is not payable if:
 (a) an amount was payable for a similar acquisition; and
 (b) the Minister tells OCCAR in writing that, in the Minister's opinion, OCCAR's reasonable needs were met by that acquisition.