20
In forceChief Commissioner may issue final assessment only
Part 3Calculation and payment of contribution
20 Chief Commissioner may issue final assessment only
(1)
The Chief Commissioner may, at any time after the return date for a financial year, issue a final assessment notice for the financial year to an insurer without having first issued an initial assessment notice in any circumstances that the Chief Commissioner considers appropriate.
(2)
In that case, the final contribution amount specified in the notice is payable to the Chief Commissioner within 30 days after the final assessment notice is served on the insurer or by a later date specified by the Chief Commissioner in the notice.
This Act’s bill:Explanatory memorandumSecond reading speech
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