Meaning of contribution period—div 10.1
73 Meaning of contribution period—div 10.1
For this division, a contribution period, for which a required fund contribution is determined, in writing, is a financial year or other period (not longer than 12 months) determined by the LTCS commissioner to be a contribution period for section 83 (Determination of amounts to be contributed to LTCS fund).
Note Power to make the determination includes power to make different provision in relation to different matters or different classes of matters, and to make a determination that applies differently by reference to stated exceptions or factors (see Legislation Act, s 48).
The LTCS commissioner—
may determine a contribution period that overlaps with another contribution period; but
must not determine successive contribution periods with gaps between the periods.
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