Commonwealth Consolidated Acts

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Secretary must give notice to person and corporation

             (1)  This section applies if:

                     (a)  a person is a party to a financial supplement contract with a participating corporation; and

                     (b)  the decision (the original decision ) made in respect of the person under section 1061ZZAC, or under Part 3 of the Social Security Student Financial Supplement Scheme 1998, is reviewed under Chapter 6; and

                     (c)  the person remains eligible to obtain financial supplement for the year or part of the year to which the contract relates; and

                     (d)  because of the review, the original decision is varied so that the maximum amount (the original amount ) of financial supplement that the person is eligible to obtain under the contract is reduced to another amount (the revised amount ); and

                     (e)  the revised amount is equal to or less than the amount of financial supplement that the person has already been paid under the contract.

             (2)  The Secretary must give written notice to the person and to the corporation:

                     (a)  stating:

                              (i)  that this section applies to the contract; and

                             (ii)  that the corporation must stop paying financial supplement to the person; and

                     (b)  specifying:

                              (i)  the revised amount that the person is eligible to obtain; and

                             (ii)  the amount (if any) of financial supplement paid in excess of the revised amount.

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