10Applications

10 Applications

Period for making application (1) Subject to subsection (7), a person may make an application for a resolution payment only during the period: (a) starting on 30 January 2026; and (b) ending on 29 January 2027. Requirements for application (2) For paragraph 3(1)(d) of Schedule 3, an application for a resolution payment in relation to a particular relevant debt: (a) must be made by: (i) submitting an application to the Secretary in the approved form; or (ii) making an application to the Secretary orally (whether in person, by telephone or by other means approved by the Secretary); and (b) must contain, or be accompanied by, any information specified by the approved form.

Note: Another person may act for and on behalf of a person who is, or may be, entitled to a resolution payment. See sections 28 (Payment nominees and correspondence nominees), 29 (Other agents) and 30 (Deceased estates).

(3) If a person makes an oral application under subparagraph (2)(a)(ii), the Secretary must: (a) make a written record of the details of the application; and (b) note on the record the date on which the application is made. Combined applications (4) The application may relate to more than one relevant debt. (5) If the application relates to more than one relevant debt, the application is taken to be a separate application for a resolution payment in relation to each relevant debt. One application per relevant debt (6) A person may not make more than one application in respect of a particular relevant debt. Extension of time to make application (7) On a person’s request, the Secretary may allow a person to make an application after 29 January 2027 and before 30 January 2028 if the Secretary is satisfied that special circumstances exist that make it appropriate to do so. (8) If the Secretary decides that special circumstances do not exist, the Secretary must give the person making the request under subsection (7) written notice of the decision and the reasons for the decision. (9) The notice must inform the person that they may, within 28 days after the date of the notice, apply for a review of the decision and explain how to make that application.