58How subsidy is paid—subsidy lump sum

#### 58 How subsidy is paid—subsidy lump sum (1) If a subsidy lump sum is payable to a subsidised borrower, the Secretary must pay the amount, as worked out under section 54, to the loan provider in accordance with: (a) the loan provider agreement; and (b) either: (i) if, for the purposes of section 81, a senior employee of an authorised Commonwealth contractor is exercising the Secretary’s functions under this Division under a delegation—the agreement mentioned in subsection 81(3); or (ii) in any other case—a determination made by the Minister for the purposes of this section. (2) A subsidy lump sum may be paid to a subsidised borrower only if subsidy is payable to the borrower as a subsidy lump sum during the most recently ended monthly authorisation period (see subsection 57(3)). > Note: See section 28 for when subsidy becomes payable. (3) A determination under subparagraph (1)(b)(ii) is a legislative instrument.