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Section : Financial hardship information
Domain : Human Resource Management
Classification : Not Identified
Text Content
- (4) If subsection 6V(1A) (about financial hardship arrangements) applies in determining repayment history information about an individual, then the following information is financial hardship information about the individual:
- (a) for an arrangement referred to in subparagraph (1)(d)(i) (about permanent variations)-information, relating only to the first monthly payment affected by the arrangement, that indicates that the monthly payment is the first monthly payment affected by a financial hardship arrangement of that kind;
- (b) for an arrangement referred to in subparagraph (1)(d)(ii) (about temporary relief or deferral of obligations)information, relating to each monthly payment affected by the arrangement, that indicates that the monthly payment was affected by a financial hardship arrangement of that kind. Note: Paragraph (b) may apply even if, under the arrangement, the individual is not required to make a payment for a month: see subsection 6V(1B).