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PRIVATE HEALTH INSURANCE (COLLAPSED ORGANIZATION LEVY) ACT 2003 No. 71, 2003 - SECT 11

Validation of collapsed organization levy
(1)
This section applies to each amount that the Council purported before 1 July 2004 to impose as levy on a registered organization on a particular date under paragraph 82G(1)(j) of the National Health Act.

(2)
By force of this section, collapsed organization validation levy of an equal amount is taken to have been imposed on the organization on that date.

(3)
The amount of collapsed organization validation levy for which the organization is liable is:

(a) reduced by the sum of the amounts the organization paid on account of the levy the Council purported to impose under paragraph 82G(1)(j) of the National Health Act; and
(b) increased by so much of the sum of those amounts as the organization recovers from the Council.

(4)
Amounts paid by an organization on account of levies that the Council purported to impose under paragraph 82G(1)(j) of the National Health Act are taken to be applied to the collapsed organization validation levies in the order in which the Council purported to impose the levies.



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