Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1061ZZEL

Liability of Commonwealth to corporation

             (1)  The Commonwealth is liable to pay to the corporation an amount worked out, as at the earlier of:

                     (a)  the time when the corporation stopped making payments under the contract; or

                     (b)  the end of the period of 4 weeks referred to in paragraph 1061ZZEK(1)(b);

using the formula:

             (2)  In this section:

"amounts notionally repaid" means the total of the amounts notionally repaid before the notice was given.

"amounts repaid" means the total of the amounts repaid under the contract before the notice was given.

"principal sum" means the principal sum at the time when the notice was given.



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