Document ID: chunk:federal_register_of_legislation:C2004A04298:body:0:p9
Version: federal_register_of_legislation:C2004A04298
Segment Type: other
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Character Range: 21727–24581

the report relates.".

Review by Commission

14. Section 96D of the Principal Act is amended by omitting subsection (5) and substituting the following subsection:

"(5) The Commission must, having reviewed an estimate:

    (a) confirm the estimate; or

    (b) vary the estimate in such manner as it thinks fit and confirm the estimate as so varied.".

Review by Minister

15. Section 96F of the Principal Act is amended:

    (a) by omitting from subsection (1) "96E(2)(b)" and substituting "96D(4)(b)";

    (b) by omitting from subsection (3) ", and may confirm it, or vary it in such manner as the Minister thinks fit";

    (c) by adding at the end the following subsection:

"(4) The Minister must, having completed a review:

         (a) confirm the estimate that is the subject of the review; or

         (b) vary that estimate in such manner as the Minister thinks fit and confirm it as so varied.".

16. After section 96F of the Principal Act the following section is inserted:

Confirmation of estimates

"96FA.(1) If the Commission is not required to review an estimate under section 96D, the estimate is taken to have been confirmed, and the confirmation is taken to have taken effect immediately after the end of the period of 14 days mentioned in subsection 96D(2).

"(2) If the Commission confirms an estimate (or an estimate as varied by it) under subsection 96D(5), the confirmation does not take effect if the Minister is required under section 96F to review the estimate (or the estimate as so varied).

"(3) If the Minister is not required under section 96F to review an estimate (or an estimate as varied by the Commission) the Commission's confirmation of the estimate (or the estimate as so varied) takes effect immediately after the end of the period of 14 days mentioned in paragraph 96D(4)(b).

"(4) The Minister's confirmation of an estimate (or an estimate as varied under section 96D or 96F) takes effect on the date of the confirmation.".

Payment of premium

17. Section 96G of the Principal Act is amended:

    (a) by omitting subsection (1);

    (b) by omitting from subsection (2) "the Minister approves" and substituting "the confirmation of;

    (c) by inserting in subsection (2) "takes effect" after "a financial year";

    (d) by omitting from paragraph (2)(b) "approved amount" and substituting "confirmed amount".

Variation of estimate

18. Section 96H of the Principal Act is amended:

    (a) by omitting from subsection (1) "an estimate approved by the Minister under this Division" and substituting "a confirmed estimate";

    (b) by omitting from subsection (3) "and sections 96E and 96F" and substituting "and sections 96F and 96FA";

    (c) by omitting subsection (4);

    (d) by omitting from subsection (5) "the Minister approves" and substituting "the confirmation of;

    (e) by inserting