Document ID: chunk:federal_register_of_legislation:C2006A00090:clause:1_100
Version: federal_register_of_legislation:C2006A00090
Segment Type: clause
Provision Reference: sch 1 cl 100
Character Range: 37028–37952

100  Subsection 44(5)
Repeal the subsection, substitute:

 (5) The regulations may prescribe the fee payable for the surrender of a certificate under this section.

 (6) The Regulator must, by notice in writing given to the liable entity, advise the entity:
 (a) of the number of certificates specified under subsection (4) that are able to be surrendered for that year; and
 (b) of the fee payable by the entity in respect of the surrender of those certificates.

Note: Section 45 contains restrictions on certificates that can be surrendered.

 (7) The liable entity must pay the fee within the period of 28 days beginning on the day the entity receives the notice under subsection (6).

 (8) If the fee is unpaid at the end of that period, it is a debt due to the Commonwealth and is recoverable by the Regulator in a court of competent jurisdiction.

 (9) A notice under subsection (6) is not a legislative instrument.