3Amount credited to Financial Claims Scheme Special Account

3 Amount credited to Financial Claims Scheme Special Account

For the purposes of subsection 62ZZC(2) of the Act, the following amount is to be credited to the Financial Claims Scheme Special Account in connection with the application of Division 3 of Part VC of the Act in relation to Australian Family Assurance Limited: $1,531,558.92.

Note 1: Where an amount specified to be credited to the Financial Claims Scheme Special Account has been later reduced, by way of an amendment, an amount equal to the reduction must be debited from the Special Account—see section 54D of the Australian Prudential Regulation Authority Act 1998.

Note 2: In 2024, this section was amended to reduce the amount to be credited to the Financial Claims Scheme Special Account.