Document ID: chunk:federal_register_of_legislation:C2004C01135:clause:2_1061zzds
Version: federal_register_of_legislation:C2004C01135
Segment Type: clause
Provision Reference: sch 2 cl 1061ZZDS
Character Range: 122607–123708

1061ZZDS  Transfer of corporation's rights to Commonwealth

 (1) On the giving of the notice to the corporation, the corporation's rights referred to in subsection (2) or (3), as the case may be, are transferred to the Commonwealth by this subsection.

 (2) If the notice was given under subsection 1061ZZDQ(1), the rights transferred are the corporation's rights under the contract that relate to payment of financial supplement during the period:
 (a) beginning at the end of the period referred to in paragraph 1061ZZDQ(1)(b); and
 (b) ending at the end of the period of 4 weeks referred to in subsection 1061ZZDO(3).

 (3) If the notice was given under subsection 1061ZZDQ(2), the rights transferred are the corporation's rights under the contract that relate to payment of financial supplement during the period:
 (a) beginning at the commencement of this Chapter; and
 (b) ending at the end of the period of 4 weeks referred to in subsection 1061ZZDO(3).

 (4) Financial supplement paid during the period referred to in subsection (2) or (3), as the case requires, is wrongly paid supplement.