Document ID: chunk:federal_register_of_legislation:C2025C00175:section:97la
Version: federal_register_of_legislation:C2025C00175
Segment Type: section
Provision Reference: s 97LA
Character Range: 302952–304266

97LA  Refund of exit contribution or regulatory contribution paid by a former Commonwealth authority etc.
 (1) If:
 (a) an amount equal to the exit contribution, or section 97DA regulatory contribution, of a body corporate or the Australian Capital Territory has been paid to Comcare in accordance with a direction of the Commission; and
 (b) the amount of the exit contribution or regulatory contribution is later reduced as a result of a review under section 97J or 97K;
the body corporate or the Australian Capital Territory is entitled to the difference between the amount so paid and the reduced amount.
 (2) The difference must be repaid by Comcare to the body corporate or the Australian Capital Territory.
 (3) Interest is payable on the difference, at such rate as is from time to time specified in a notice under subsection 97L(3), 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:
 (a) beginning on the day on which a body corporate's or the Australian Capital Territory's exit contribution or regulatory contribution was paid under section 97HA; and
 (b) ending on the day on which the amount of the difference under subsection (1) was repaid under subsection (2).