Commonwealth Consolidated Acts

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HEALTH INSURANCE ACT 1973 - SECT 23DNI

Partial refund of tax for early cancellation of approval

  (1)   If the approval granted for an approved collection centre is cancelled under section   23DNH, the approved pathology authority to which the approval was granted is entitled to a partial refund of the tax paid on the grant of the approval.

  (2)   The amount to be refunded to the approved pathology authority under subsection   (1) is calculated by using the formula:

Start formula Tax times start fraction Expected approval days minus Actual approval days over Expected approval days end fraction end formula

where:

"actual approval days" means the number of days for which the approval remained in force.

"expected approval days" means the number of days for which the approval was granted.

"tax" means the tax paid on the grant of the approval.


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