Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) After the transfer time, Division 4A of Part VII of the SRC Act applies to the Bank body as if:
(a) the Bank body continued to be a Commonwealth authority; and
(b) the Bank body were not required to pay a premium under that Division in respect of the part of a financial year that occurs after the transfer time; and
(c) the following word and paragraph were added at the end of subsection 96H(1) of the SRC Act:
"; or (f) in the case of an authority--the authority is not required to pay a premium under this Division in respect of part of a financial year.".
(2) If an amount of premium payable by the Bank body in respect of a period before the transfer time remains unpaid, the amount is a debt due to the Commonwealth by the Bank body and is payable to Comcare.