Document ID: chunk:federal_register_of_legislation:C2013C00581:clause:1_128a:p2
Version: federal_register_of_legislation:C2013C00581
Segment Type: clause
Provision Reference: sch 1 cl 128A (pt 2/2)
Character Range: 16880–17937

provider of the old FHSA; and
 (b) before the new FHSA was opened, circumstances arose resulting in the person not meeting the FHSA eligibility requirements; and
 (c) after the opening of the new FHSA, the person continues not to meet the FHSA eligibility requirements;
section 20 applies to the person as the holder of the new FHSA in relation to the provider of the new FHSA, but so as to require the person to give notice within 30 days after notice is sent to the person of the opening of the new FHSA.

Payment connected with right given to APRA by the Banking Act 1959
 (6) Nothing in this Act or the regulations prevents the provider of the old FHSA from paying an amount out of the FHSA in connection with a right to be paid an amount by the provider that APRA had in connection with the old FHSA because of section 16AI of the Banking Act 1959.
Note: Section 16AI of the Banking Act 1959 gives APRA the right (or part of the right) the holder of the old FHSA had to be paid an amount by the provider of the old FHSA in connection with the old FHSA.