Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If the Secretary is satisfied that:
(a) a person who is a party to a financial supplement contract with a participating corporation was given a notice under section 1061ZZCW; and
(b) the person failed to tell the Secretary, in response to a notice under section 561B, 586B, 1061PZQ or 1061ZZBR, about the happening of, or about becoming aware of the likely happening of, a stated event or change of circumstances within the period prescribed for complying with the notice; and
(c) the person was paid the original amount after the end of that period; and
(d) the payment of the original amount after the end of that period resulted from the person's failure to comply with the notice referred to in paragraph (b);
the Secretary may give to the person and the corporation a notice stating that he or she is so satisfied and telling them that this Subdivision applies in relation to them.
(2) If the Secretary is satisfied that:
(a) a person who is a party to a financial supplement contract with a participating corporation was given a notice under section 14.5 of the Social Security Student Financial Supplement Scheme 1998; and
(b) the person failed to tell the Secretary, in response to a notice under section 561B, 586B or 1061PZQ, or a notice under section 12.2 of that Scheme, about the happening of, or about becoming aware of the likely happening of, a stated event or change of circumstances within the period prescribed for complying with the notice; and
(c) the person was paid the original amount after the commencement of this Chapter; and
(d) the payment of the original amount after the commencement of this Chapter resulted from the person's failure to comply with the notice referred to in paragraph (b);
the Secretary may give to the person and the corporation a notice stating that he or she is so satisfied and telling them that this Subdivision applies in relation to them.