Document ID: chunk:federal_register_of_legislation:C2004A01206:clause:1_17
Version: federal_register_of_legislation:C2004A01206
Segment Type: clause
Provision Reference: sch 1 cl 17
Character Range: 8119–8579

17  Subsection 64(1)
Repeal the subsection (not including the heading or the note), substitute:

 (1) A person who is liable to pay:
 (a) IBNR indemnity contribution for a contribution year (the current contribution year) that starts on or after 1 July 2005; or
 (b) enhanced UMP indemnity contribution for a contribution year (the current contribution year) that starts on or after 1 July 2003;
may elect to pay the lump sum worked out under subsection (4).