Effect of notice
1061ZZCV Effect of notice
If a person gives a notice referred to in section 1061ZZCU, the corporation is discharged from liability to make further payments to the person under the contract from the end of the day stated in the notice.
However, if the corporation continues to make payments to the person after that day, any amounts paid after that day or the end of 4 weeks after the day on which the notice was given to the corporation, whichever is the later:
are taken not to be payments of financial supplement made under the contract; and
are repayable by the person to the corporation; and
may be recovered by the corporation as a debt due to it by the person.
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