Commonwealth Consolidated Acts

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AGED CARE (ACCOMMODATION PAYMENT SECURITY) ACT 2006 - SECT 11

Notice of default event declaration

  (1)   The Secretary must give a copy of a default event declaration to:

  (a)   the approved provider or former approved provide r in relation to which the declaration states an insolvency event has occurred; and

  (b)   each person whom the Secretary considers may be entitled to receive a refund of an outstanding accommodation payment balance of the approved provider or former approved provider .

  (2)   The Secretary must publish a copy of a default event declaration in a national newspaper.

  (3)   A failure to comply with subsection   ( 1) or (2) does not affect the validity of any default event declaration.

 



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