Commonwealth Consolidated Acts

AGED CARE (ACCOMMODATION PAYMENT SECURITY) ACT 2006 - SECT 10

  (1)   As soon as practicable after the Secretary first becomes aware that:

  (a)   an insolvency event has occurred in relation to a person who is or has been an approved provider (the approved provider or former approved provider ) ; and

  (b)   there is at least one outstanding accommodation payment balance of the approved provider or former approved provider ;

the Secretary must make a default event declaration.

  (2)   The default event declaration must:

  (a)   be in writing; and

  (b)   state that an insolvency event has occurred in relation to the approved provider or former approved provider ; and

  (c)   state that the Secretary considers that there is at least one outstanding accommodation payment balance of the approved provider or former approved provider .

  (3)   A default event declaration is not a legislative instrument.