Document ID: chunk:federal_register_of_legislation:C2025C00175:section:97l
Version: federal_register_of_legislation:C2025C00175
Segment Type: section
Provision Reference: s 97L
Character Range: 301748–302952

97L  Refund of premium or regulatory contribution paid by an Entity or Commonwealth authority
 (1) If:
 (a) an amount equal to the premium, or regulatory contribution, of an Entity or Commonwealth authority for a financial year has been paid to Comcare in accordance with a direction of the Commission; and
 (b) the amount of the premium or regulatory contribution is later reduced as a result of a review under section 97J or 97K;
the Entity or authority is entitled to the difference between the amount so paid and the reduced amount.
 (2) The difference must be repaid by Comcare to the Entity or authority concerned.
 (3) Interest is payable on the difference, at such rate as is from time to time specified by the Minister by notice in the Gazette, in respect of each day of the overpayment period. However, interest is not payable under this section if it is less than $100.
 (4) In this section:
overpayment period means the period beginning on the day on which an Entity's or authority's premium or regulatory contribution in respect of a financial year was paid under section 97H and ending on the day on which the amount of the difference under subsection (1) was repaid under subsection (2).