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Section : 6V Meaning of repayment history information
Domain : Human Resource Management
Classification : Not Identified

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(1B) If, under a financial hardship arrangement, an individual is not required to make a monthly payment for a month, then, for the purposes of subsections (1) and (1A) and section 6QA:
(a) a monthly payment is taken to have been due and payable on the day on which it would have been due and payable apart from the arrangement; and
(b) the individual is taken to have met the obligation to make the monthly payment; and
(c) the obligation to make the monthly payment is taken to be affected by the arrangement.
(2) The regulations may make provision in relation to:
(a) whether or not an individual has met an obligation to make a monthly payment that is due and payable in relation to consumer credit; and
(b) whether or not a payment is a monthly payment. Compilation date: 11/12/2024