Document ID: chunk:federal_register_of_legislation:F2024L00194:reg:20
Version: federal_register_of_legislation:F2024L00194
Segment Type: reg
Provision Reference: reg 20
Character Range: 22336–24017

20  Conditions of eligibility—claimants under protected policies
  For the purposes of paragraph 62ZZF(3)(b) of the Act, the prescribed conditions in relation to a person are that:
 (a) the person is an Australian citizen or permanent resident; or
 (b) both of the following subparagraphs apply in relation to the person:
 (i) the person is an individual;
 (ii) the insurance cover under which the individual is entitled to claim as mentioned in paragraph 62ZZF(1)(a) of the Act is insurance cover against a risk that is located in Australia; or
 (c) both of the following subparagraphs apply in relation to the person:
 (i) the person is a small business entity, a not‑for‑profit body or a trustee of a family trust;
 (ii) the central management and control of the small business entity, not‑for‑profit body or trustee is located in Australia; or
 (d) all of the following subparagraphs apply in relation to the person:
 (i) the insurance cover under which the person is entitled to claim as mentioned in paragraph 62ZZF(1)(a) of the Act is insurance cover provided in relation to a small business entity;
 (ii) the central management and control of the small business entity is located in Australia;
 (iii) the small business entity is not a corporation or an individual; or
 (e) all of the following subparagraphs apply in relation to the person:
 (i) the insurance cover under which the person is entitled to claim as mentioned in paragraph 62ZZF(1)(a) of the Act is insurance cover provided in relation to a not‑for‑profit body;
 (ii) the central management and control of the not‑for‑profit body is located in Australia;
 (iii) the not‑for‑profit body is not a corporation.