(1) An amount of
Hardship Fund payment is to be deducted under section 231 or 232 only to the
extent that the deduction results in the buyback payment being reduced to
zero.
(2) If an amount of
Hardship Fund payment has already been deducted for a buyback payment or net
loss payment for 1 or more other sets of taxi plates of which an applicant for
the buyback payment was an eligible owner (buyback) or an eligible former
owner, the Hardship Fund payment referred to in section 231(2) or 232(2) is
the balance of the Hardship Fund payment remaining after that deduction or
those deductions.
(3) If an eligible
owner (buyback) of the taxi plates would be liable to pay GST in relation to a
buyback payment determined in accordance with section 231(2) or 232(2), the
amount of the buyback payment is to be increased by an amount equivalent to
the GST liability relevant to the payment.
(4) If a joint
application is made for a buyback payment in relation to taxi plates and a
Hardship Fund payment was paid to one or more of the applicants, the CEO, in
determining the buyback payment under section 231 or 232 —
(a) may
apportion the buyback payment among the applicants according to their
respective interests without deducting any Hardship Fund payment; and
(b) may
then deduct any Hardship Fund payment from the portion of each person who
received the payment to determine the final buyback payment payable to that
person.