(1) An amount of
Hardship Fund payment is to be deducted under section 237 or 238 only to the
extent that the deduction results in the net loss payment being reduced to
zero.
(2) If an amount of
Hardship Fund payment has already been deducted for a net loss payment or
buyback payment for 1 or more other sets of taxi plates of which an applicant
for the net loss payment was an eligible former owner or eligible owner
(buyback), the Hardship Fund payment referred to in section 237(2) or 238(2)
is the balance of the Hardship Fund payment remaining after that deduction or
those deductions.
(3) If the eligible
former owner of taxi plates would be liable to pay GST in relation to a net
loss payment determined in accordance with section 237(2) or 238(2) the amount
of the net loss 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 net loss payment and a Hardship Fund payment was
paid to one or more of the applicants, the CEO, in determining the net loss
payment under section 237 or 238 —
(a) may
apportion the net loss 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 net loss payment payable to that
person.