Insurance Supervisory Levies Collection Regulations (Cth)

INSURANCE SUPERVISORY LEVIES COLLECTION REGULATIONS
(#DATE 04:10:1994)

- In force under the Insurance Supervisory Levies Collection Act 1989

- Updated as at 4 October 1994
*1* The Insurance Supervisory Levies Collection Regulations (in force under the Insurance Supervisory Levies Collection Act 1989) as shown in this reprint comprise Statutory Rules 1989 No. 82 amended as indicated in the Tables below.
Table of Statutory Rules
Year and Date of Date of Application
Number Notification commencement saving or
in Gazette transitional
provisions
1989 No. 82 4 May 1989 4 May 1989
1990 No. 186 29 June 1990 1 July 1990 -
1992 No. 37 7 Feb 1992 1 July 1991 -
1994 No. 323 23 Sept 1994 1 Oct 1994 -
Table of Amendments
ad=added or inserted am=amended rep=repealed rs=repealed and substituted Provision affected How affected
R. 3 am. 1990 No. 186; 1992 No. 37; 1994 No. 323

INSURANCE SUPERVISORY LEVIES COLLECTION REGULATIONS - TABLE OF PROVISIONS 
TABLE

                        TABLE OF PROVISIONS

Regulation

    1    Citation

    2.   Interpretation

    3.   Remission of levy

    4.   Manner of payment of levy

    5.   Refund of overpayments

INSURANCE SUPERVISORY LEVIES COLLECTION REGULATIONS - REG 1 
Citation 


  1. These Regulations may be cited as the Insurance Supervisory Levies
Collection Regulations.*1*
SEE NOTES TO FIRST ARTICLE OF THIS CHAPTER .

INSURANCE SUPERVISORY LEVIES COLLECTION REGULATIONS - REG 2 
Interpretation 


  2. In these Regulations, unless the contrary intention appears:

  "the Act" means the Insurance Supervisory Levies Collection Act 1989.

INSURANCE SUPERVISORY LEVIES COLLECTION REGULATIONS - REG 3 
Remission of levy 


  3. Where levy is payable by a body corporate in respect of which an
exemption under subsection 37 (1) of the Insurance Act 1973 is in force, the
amount of $13,800 is remitted from the annual rate (within the meaning of
subsection 9 (1) of the General Insurance Supervisory Levy Act 1989) of the
levy that would otherwise be so payable.

INSURANCE SUPERVISORY LEVIES COLLECTION REGULATIONS - REG 4 
Manner of payment of levy 


  4. Levy and other amounts payable to the Commonwealth under the Act shall be
paid to the Receiver of Public Moneys at any office of the Commissioner.

INSURANCE SUPERVISORY LEVIES COLLECTION REGULATIONS - REG 5 
Refund of overpayments 


  5. Where:

  (a) an amount is payable by a person under the Act; and

  (b) an amount greater than the amount so payable is paid by that person;

the Commissioner may refund to that person an amount equal to the amount of
the overpayment.