62ZZG
CurrentContributions by licensed insurers to Home Building Insurers Guarantee Fund
62ZZG Contributions by licensed insurers to Home Building Insurers Guarantee Fund
For the purposes of section 103OB (1) of the Act, contributions to the Home Building Insurers Guarantee Fund are to be made according to the following arrangements—
(a)
the Authority is to notify the licensed insurer in writing of the amount that the insurer is required to contribute in respect of a relevant period and the date by which that amount must be contributed,
(b)
the Authority is to provide the licensed insurer with the information necessary to enable the contribution to be paid to the Authority by electronic funds transfer.
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