(1) If a person enters into a canopy contribution agreement with a decision-maker that is subject to a condition that the person pay a financial settlement, the person may apply, in writing, to the decision-maker to enter into an arrangement (a payment management plan ) to pay the financial settlement by instalments.
(2) On application under subsection (1), the decision-maker must—
(a) approve the application; or
(b) refuse the application.
(3) The decision-maker must, within a reasonable period, give the applicant written notice of—
(a) a decision under subsection (2); and
(b) for a decision under subsection (2) (a)—the period of the payment management plan and the amount of each instalment; and
(c) for a decision under subsection (2) (b)—the reasons for the decision.
(4) A regulation may prescribe—
(a) the information that must be included in the application; and
(b) matters the decision-maker must take into account when considering the application.