234
CurrentPayment of buyback payment
Part 9Voluntary buyback and industry assistance schemes and levy
Division 1Voluntary buyback payment
234 Payment of buyback payment
(1)
The buyback payment in relation to taxi plates is to be paid —
(a)
to the applicant; or
(b)
subject to subsection (2), if the application specifies a person who is to receive the payment on behalf of the eligible owners of the taxi plates — to that person.
(2)
If, under section 233(4), the eligible owners of taxi plates to which a joint application applies are entitled to different amounts of buyback payment, the relevant portion of the buyback payment is to be made to each applicant separately.
This Act’s bill:Explanatory memorandumSecond reading speech
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