s 141
In forceJoint and several liability of the representative for funding contribution
Chapter 5Participating institutions, participating groups and participating jurisdictions
Part 5‑2Groups of institutions participating in the scheme
Division 3Representatives for participating groups
141 Joint and several liability of the representative for funding contribution
If:
(a)
a participating institution is liable to pay funding contribution for a quarter; and
(b)
that institution is a member of a participating group;
then that institution and the representative for the group are jointly and severally liable to pay the funding contribution for the quarter.
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