Document ID: chunk:federal_register_of_legislation:F2024L00028:reg:5
Version: federal_register_of_legislation:F2024L00028
Segment Type: reg
Provision Reference: reg 5
Character Range: 2437–3192

5  Initial estimate of unpaid claims and unpaid fees
  Under section 11 of the Act, for the first levy period, $240,857,800.07 has been determined as the estimated sum of:
 (a) the specified amount equal to what the CSLR operator reasonably believes (having regard to actuarial principles) will be the total amount of compensation that:
 (i) will be payable under section 1063 of the Corporations Act 2001; and
 (ii) relates to pre‑CSLR complaints; and
 (b) the specified amount equal to what the CSLR operator reasonably believes (having regard to actuarial principles) will be the portion of the total amount of AFCA's unpaid fees for all months that relates to pre‑CSLR complaints; and
 (c) the specified amount equal to AFCA's accumulated unpaid fees.