sec.54Scheme manager’s decision about financial viability of scheme fund

sec.54 Scheme manager’s decision about financial viability of scheme fund

This section applies for making a decision under section 53 (c) (ii) . The scheme manager may consider whether the sum of the following is likely to be more than the fund threshold applying to the authority— the total estimated rehabilitation cost for the holder of the authority or, if there is more than 1 holder, the relevant holder of the authority; the total estimated rehabilitation cost for any or all of the following— a parent corporation of the holder of the authority or, if there is more than 1 holder, the relevant holder of the authority; a subsidiary corporation, under the Corporations Act , section 46 , of a parent corporation mentioned in subparagraph (i) ; a corporation controlled, under the Corporations Act , section 50AA , by a parent corporation mentioned in subparagraph (i) . s 54 amd 2024 No. 33 s 119 (sec.54-ssec.1) This section applies for making a decision under section 53 (c) (ii) . (sec.54-ssec.2) The scheme manager may consider whether the sum of the following is likely to be more than the fund threshold applying to the authority— the total estimated rehabilitation cost for the holder of the authority or, if there is more than 1 holder, the relevant holder of the authority; the total estimated rehabilitation cost for any or all of the following— a parent corporation of the holder of the authority or, if there is more than 1 holder, the relevant holder of the authority; a subsidiary corporation, under the Corporations Act , section 46 , of a parent corporation mentioned in subparagraph (i) ; a corporation controlled, under the Corporations Act , section 50AA , by a parent corporation mentioned in subparagraph (i) .

• (a) the total estimated rehabilitation cost for the holder of the authority or, if there is more than 1 holder, the relevant holder of the authority;
• (b) the total estimated rehabilitation cost for any or all of the following— (i) a parent corporation of the holder of the authority or, if there is more than 1 holder, the relevant holder of the authority; (ii) a subsidiary corporation, under the Corporations Act , section 46 , of a parent corporation mentioned in subparagraph (i) ; (iii) a corporation controlled, under the Corporations Act , section 50AA , by a parent corporation mentioned in subparagraph (i) .
• (i) a parent corporation of the holder of the authority or, if there is more than 1 holder, the relevant holder of the authority;
• (ii) a subsidiary corporation, under the Corporations Act , section 46 , of a parent corporation mentioned in subparagraph (i) ;
• (iii) a corporation controlled, under the Corporations Act , section 50AA , by a parent corporation mentioned in subparagraph (i) .
• (i) a parent corporation of the holder of the authority or, if there is more than 1 holder, the relevant holder of the authority;