26
CurrentAdjustment of contributions by insurance companies
Schedule 4Savings and transitional provisions
Part 7Provisions relating to the Fire Brigades Amendment (Contributions) Act 1995
26 Adjustment of contributions by insurance companies
(1)
As soon as practicable after the commencement of the Fire Brigades Amendment (Contributions) Act 1995, the Commissioner is—
(a)
to set aside the assessments made under Part 5 of this Act in respect of the 12 month period ending 31 December 1994, and
(b)
to make the assessments under that Part in respect of the 6 month period ending 30 June 1994, and
(c)
to make the necessary adjustments to the contributions required to be paid by insurance companies under that Part.
(2)
The adjusted contributions are to be notified to the relevant contributors and become the contributions payable.
This Act’s bill:Explanatory memorandum
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