Recovered over-collection amount
39 Recovered over-collection amount
The recovered over-collection amount for a financial year is the sum of all over-collection amounts paid to or recovered by the Chief Commissioner under Part 3A of the Emergency Services Levy Insurance Monitor Act 2016 in the period of 12 months ending on the date of 31 March occurring before the commencement of the financial year, as determined by the Chief Commissioner.
The Chief Commissioner is to advise the Treasurer of the recovered over-collection amount by the date of 15 April that occurs before the commencement of the financial year or by a later date approved by the Treasurer.
This Act’s bill:Explanatory memorandumSecond reading speech
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