Transfer of corporation’s rights to Commonwealth
1061ZZDI Transfer of corporation’s rights to Commonwealth
On the giving of the notice to the corporation, the corporation’s rights referred to in subsection (2) or (3), as the case may be, are transferred to the Commonwealth by this subsection.
If the notice was given under subsection 1061ZZDG(1), the rights transferred are the corporation’s rights under the contract that relate to payment of financial supplement during the period:
beginning at the time when the person had been paid an amount equal to the revised amount; and
ending at the end of the period of 4 weeks referred to in subsection 1061ZZCX(3).
If the notice was given under subsection 1061ZZDG(2), the rights transferred are the corporation’s rights under the contract that relate to payment of financial supplement during the period:
beginning at the commencement of this Chapter; and
ending at the end of the period of 4 weeks referred to in subsection 1061ZZCX(3).
Financial supplement paid during the period referred to in subsection (2) or (3), as the case requires, is wrongly paid supplement.
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