1061ZZAZ
In forceLiability for money paid under a financial supplement contract
Volume 3Chapter 2AA, Part 2AA.1 to Chapter 3, Part 3.12 (sections 1061ZVAA to 1157)
Chapter 2BStudent Financial Supplement Scheme
Part 2B.1Establishment of scheme
Division 9Financial supplement contracts
Subdivision AMaking a contract for payment of financial supplement
1061ZZAZ Liability for money paid under a financial supplement contract
(1)
A participating corporation may rely on advice given by the Commonwealth to decide:
(a)
whether it must pay financial supplement to a person; and
(b)
the amount of financial supplement.
(2)
An amount paid to a person by a corporation, relying on advice given by the Commonwealth, is taken to be financial supplement paid under the contract even though the person may not have been eligible to obtain the amount.
(3)
Subsection (2) does not affect the operation of Part 2B.2.
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