Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.10B.50

Reporting by CSLR operator if sub - sector levy cap could be exceeded (or further exceeded)

    For the purposes of subsection   1069F(4) of the Act, the following information is prescribed for a notice about a revised claims, fees and costs estimate for a levy period and a sub - sector that has come into force and could cause the sub - sector levy cap for the levy period and sub - sector to be exceeded (or further exceeded):

  (a)   the number of applications made under section   1066 of the Act that underpin the revised estimate;

  (b)   the total amount of compensation that (having regard to actuarial principles) will be payable under section   1063 of the Act for those applications;

  (c)   the portion of the sum of AFCA's unpaid fees that (having regard to actuarial principles) will be attributable to the sub - sector and that underpins the revised estimate.


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