10Making of default event declaration

10 Making of default event declaration

(1) As soon as practicable after the Secretary first becomes aware that: (a) an insolvency event has occurred in relation to a person who is or has been a registered provider (the registered provider or former registered provider); and (b) there is at least one outstanding accommodation payment balance of the registered provider or former registered provider; the Secretary must make a default event declaration. (2) The default event declaration must: (a) be in writing; and (b) state that an insolvency event has occurred in relation to the registered provider or former registered provider; and (c) state that the Secretary considers that there is at least one outstanding accommodation payment balance of the registered provider or former registered provider. (3) A default event declaration is not a legislative instrument.