Canopy contribution agreements—payment management plans
38 Canopy contribution agreements—payment management plans
If a person enters into a canopy contribution agreement with a decision-maker that is subject to a condition that the person pay a financial settlement, the person may apply, in writing, to the decision‑maker to enter into an arrangement (a payment management plan) to pay the financial settlement by instalments.
On application under subsection (1), the decision-maker must—
approve the application; or
refuse the application.
The decision-maker must, within a reasonable period, give the applicant written notice of—
a decision under subsection (2); and
for a decision under subsection (2) (a)—the period of the payment management plan and the amount of each instalment; and
for a decision under subsection (2) (b)—the reasons for the decision.
A regulation may prescribe—
the information that must be included in the application; and
matters the decision-maker must take into account when considering the application.
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