(1)

Reinsurance Trust Fund levy is imposed on each registered health benefits organization:

(a) on each day specified in the regulations as a Reinsurance Trust Fund levy day for a financial year; and
(b) on each day (if any) determined in writing by the Minister as a supplementary Reinsurance Trust Fund levy day for a financial year.

(2)

The regulations must not specify more than 4 levy days for a financial year.

(3)

The determination by the Minister must not specify more than 2 supplementary levy days for a financial year .