Document ID: chunk:federal_register_of_legislation:C2004A00603:clause:1_61a
Version: federal_register_of_legislation:C2004A00603
Segment Type: clause
Provision Reference: sch 1 cl 61A
Character Range: 2208–2948

61A  Debt neutrality charge

 (1) The Minister may inform EFIC in writing of arrangements that are to apply to EFIC in relation to a debt neutrality charge to be paid by EFIC to the Commonwealth in respect of short‑term insurance contracts entered into by EFIC.

 (2) The arrangements may specify:
 (a) the period in respect of which a debt neutrality charge is payable; and
 (b) the amount of the charge, or the way in which it is to be worked out; and
 (c) the period within which the amount must be paid by EFIC to the Commonwealth.

 (3) EFIC must pay a debt neutrality charge to the Commonwealth in accordance with the arrangements.

 (4) The Minister may at any time, in writing, vary or revoke arrangements made under this section.