14Payment to approved person

14 Payment to approved person

(1) This section applies to a person who is a participating person because of an approval under section 6 of this Instrument (approved person). (2) The approved person is entitled to: (a) the CAPS payment specified in subsection 11(1) or 11(2), whichever applies in the circumstances, in the financial year in which the application is approved; and (b) the CAPS payment specified in subsection 11(1) in each subsequent financial year as long as the person’s participation has not ceased on a date before 1 July of that financial year. (3) The Chief Executive Medicare must make a CAPS payment for the approved person: (a) if the person is a participating person on 1 July in the financial year: (i) by 30 July in the financial year; or (ii) if the payment is by instalments, in the manner specified in subsection 13(2); or (b) if an application under section 6 is received after 1 July but before 31 December in the financial year and is approved: (i) within 30 days of approving the application; or (ii) if the payment is by instalments, in the manner specified in subsection 13(3);or (c) if an application under section 6 is received after 31 December in the financial year and is approved—within 30 days of approving the application.