Section 1063 — Corporations Act 2001: Compensation payments

(1) The CSLR operator must pay to a person an amount of compensation for a relevant AFCA determination made in respect of the person if: (a) the person is eligible under section 1064 for compensation for the determination; and (b) the amount of compensation for the determination is the amount referred to in section 1067; and (c) the CSLR operator has offered under section 1068 that amount of compensation; and (d) the person has accepted under section 1069 that offer of that amount of compensation. (2) The CSLR operator must pay the amount of compensation to the person: (a) in a single lump sum; or (b) if a determination under subsection 1069H(2) specifies, under subsection 1069H(3), a class of persons that includes the person—in the instalments specified in the determination for that class of persons over the period specified in the determination. (3) The CSLR operator must not pay an amount under this section before: (a) the start of the first levy period; or (b) any later day prescribed by regulations made for the purposes of this paragraph.