Document ID: chunk:federal_register_of_legislation:C2025C00112:section:12
Version: federal_register_of_legislation:C2025C00112
Segment Type: section
Provision Reference: s 12
Character Range: 18556–19489

12  Revised estimate of unpaid claims, and AFCA's unpaid fees, for complaints given to AFCA before the accumulation recovery day
  The CSLR operator may, by notifiable instrument made:
 (a) after the start of the first levy period; and
 (b) after recalculating the amounts referred to in paragraphs 11(a) to (c);
determine for the first levy period a revised estimate using those recalculated amounts.
Note: From this revised estimate:
(a) any shortfall in levy can only be recovered as annual levy for a later levy period (see paragraph 9(1)(d) and subsection 9(6)), which will require a legislative instrument to be made under subsection 9(1); and
(b) any surplus in levy will reduce annual levy for a later levy period (see subparagraph 9(1)(b)(iv) and paragraph 9(2)(c)), which will be reflected in a legislative instrument to be made under subsection 9(1).

Part 3—Payment of levy, late payment penalty and shortfall penalty