Document ID: chunk:federal_register_of_legislation:C2024C00866:section:52zd
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 52ZD
Character Range: 818979–820180

52ZD  Need for a request to participate
 (1) A person who wants to participate in the pension loans scheme must make a request to participate in accordance with this section.
 (1A) A request under subsection (1) must:
 (a) specify any real property that is to be included in working out the value of real assets for the purposes of sections 52ZA and 52ZCA, or that is to be subject to a charge under section 52ZF; and
 (b) specify an amount (if any) to be the nominated amount for the purposes of this Subdivision; and
 (c) specify the rate of the pension (if any) nominated by the person for the purposes of subparagraph 52ZB(1A)(a)(ii) or (b)(ii).
 (1B) Paragraphs (1A)(a) and (b) do not apply if subparagraph 52ZA(1)(e)(ii) or (2)(e)(ii) applied to the person when the person made his or her request to participate in the pension loans scheme.
 (2) The request must be signed:
 (a) if the person is not a member of a couple—by the person; or
 (b) if the person is a member of a couple—by both members of the couple.
 (3) The request must be:
 (a) in writing; and
 (b) in a form approved by the Commission; and
 (c) lodged at an office of the Department in Australia in accordance with section 5T.