Document ID: chunk:federal_register_of_legislation:C2008A00105:clause:2_62zzm
Version: federal_register_of_legislation:C2008A00105
Segment Type: clause
Provision Reference: sch 2 cl 62ZZM
Character Range: 55206–55888

62ZZM  Meeting of entitlement taken to be payment by insurer

 (1) When an amount of a person's entitlement under this Division connected with a general insurer and a protected policy is met, the person is taken, for the purposes described in subsection (2), to have been paid the amount by the general insurer.

 (2) The purposes are:
 (a) the purposes of subrogation of the general insurer in connection with the protected policy; and
 (b) the purposes (if any) prescribed by the regulations for the purposes of this paragraph.

 (3) To avoid doubt, subsection (1) does not affect the rights APRA has under section 62ZZL against the general insurer.

Division 4—Administration