Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If a subsidy lump sum is payable to a subsidised borrower, the Secretary must pay the amount, as worked out under section 54, to the loan provider in accordance with:
(a) the loan provider agreement; and
(b) either:
(i) if, for the purposes of section 81, a senior employee of an authorised Commonwealth contractor is exercising the Secretary's functions under this Division under a delegation--the agreement mentioned in subsection 81(3); or
(ii) in any other case--a determination made by the Minister for the purposes of this section.
(2) A subsidy lump sum may be paid to a subsidised borrower only if subsidy is payable to the borrower as a subsidy lump sum during the most recently ended monthly authorisation period (see subsection 57(3)).
Note: See section 28 for when subsidy becomes payable.
(3) A determination under subparagraph (1)(b)(ii) is a legislative instrument.