Notice of default event declaration
11 Notice of default event declaration
The Secretary must give a copy of a default event declaration to:
the registered provider or former registered provider in relation to which the declaration states an insolvency event has occurred; and
each person whom the Secretary considers may be entitled to receive a refund of an outstanding accommodation payment balance of the registered provider or former registered provider.
The Secretary must publish a copy of a default event declaration in a national newspaper.
A failure to comply with subsection (1) or (2) does not affect the validity of any default event declaration.
This Act’s bill:Explanatory memorandumSecond reading speech
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