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HIGHER EDUCATION FUNDING ACT 1988 - SECT 98ZB Commonwealth not liable where person does not have a tax file number

HIGHER EDUCATION FUNDING ACT 1988 - SECT 98ZB

Commonwealth not liable where person does not have a tax file number

  (1)   This section operates if:

  (a)   the institution receives notice under subsection   42(3) or (5) as applied by section   98Y to the effect that a person who has made an application under section   98X for a BOTP loan does not have, or no longer has, a tax file number; and

  (b)   at the end of 28 days after the institution receives that notice, the institution has not been notified of a number that the institution is satisfied (in accordance with guidelines issued by the Commissioner) is the person's tax file number.

  (2)   The Commonwealth is not liable, and is taken never to have been liable:

  (a)   to lend an amount to the person under paragraph   98ZA(2)(a); or

  (b)   to apply any amount in making a payment to the institution under paragraph   98ZA(2)(b) in discharge of a liability of the person.

  (3)   The regulations may set out procedures for the institution to notify persons who may be affected by subsection   ( 2).