Queensland Numbered Acts

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RETIREMENT VILLAGES AMENDMENT ACT 2006 No. 6 - SECT 21

21 Amendment of s 46 (Dealing with ingoing contribution)

(1) Section 46(3), 'later'--

omit, insert--

'latest'.

(2) Section 46--

insert--

'(4B) Despite subsection (1), if a person receives an amount as an ingoing contribution under a residence contract after the end of the latest day mentioned in subsection (3), the person may--

(a) if the person is lawfully entitled to the amount--keep the amount; or
(b) otherwise--pay the amount directly to the person lawfully entitled to it.'.

(3) Section 46(6), 'subsection (5)'--

omit, insert--

'subsection (7)'.

(4) Section 46(7), 'subsection (6)'--

omit, insert--

'subsection (8)'.

(5) Section 46(4A) to (9)--

renumber as section 46(5) to (11).



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