Commonwealth Consolidated Acts

AGED CARE ACT 1997 - SECT 57.21B

             (1)  An approved provider that is required under a * formal agreement to refund an * entry contribution balance must pay an amount representing interest on the entry contribution balance in the circumstances (if any) specified in the User Rights Principles.

          (1A)  A * corporation that has been an approved provider and is required under a * formal agreement to refund an * entry contribution balance must pay an amount representing interest on the entry contribution balance in the circumstances (if any) specified in the User Rights Principles.

             (2)  The amount is to be worked out in accordance with the User Rights Principles.

             (3)  The amount must be paid to the person specified in the User Rights Principles in the way specified in the User Rights Principles.