257D
CurrentAmount and payment of COVID‑19 relief payment
Part 9Voluntary buyback and industry assistance schemes and levy
Division 2ACOVID‑19 relief payments
257D Amount and payment of COVID‑19 relief payment
(1)
The amount of a COVID‑19 relief payment is —
(a)
if the amount of the payment is set out under section 257B(2)(b)(i) — that amount; or
(b)
if a method for calculating the amount of the payment is set out under section 257B(2)(b)(ii) — an amount determined by the CEO according to that method.
(2)
A COVID‑19 relief payment is to be paid to the eligible industry participant to whom it is granted.
(3)
No more than 1 COVID‑19 relief payment may be paid to an eligible industry participant under the same determination under section 257B(1).
[Section 257D inserted: No. 10 of 2020 s. 6.]
This Act’s bill:Explanatory memorandumSecond reading speech
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