sec.419Modification for material change

sec.419 Modification for material change

This section applies if— there has been a material change for a scheme; and the material change occurred after the last adjustment order or the relevant decision was made for the scheme. If the contribution schedule lot entitlements for the lots included in the scheme are to be changed under subdivision 2 or 3, the changed entitlements must, subject to subsection (3), take account of the material change. The changed entitlements must be consistent with the deciding principle that was used as the basis for the decided entitlements or the last adjustment order entitlements for the scheme. s 419 ins 2013 No. 11 s 13 (sec.419-ssec.1) This section applies if— there has been a material change for a scheme; and the material change occurred after the last adjustment order or the relevant decision was made for the scheme. (sec.419-ssec.2) If the contribution schedule lot entitlements for the lots included in the scheme are to be changed under subdivision 2 or 3, the changed entitlements must, subject to subsection (3), take account of the material change. (sec.419-ssec.3) The changed entitlements must be consistent with the deciding principle that was used as the basis for the decided entitlements or the last adjustment order entitlements for the scheme.

• (a) there has been a material change for a scheme; and
• (b) the material change occurred after the last adjustment order or the relevant decision was made for the scheme.