The Safety, Rehabilitation and Compensation Commission must, as soon as
practicable after the transfer time, determine the amount (if any) by which
the confirmed estimate of premium for each statutory authority for the
transitionalfinancial year should be reduced.
(2)
If:
(a)
an amount equal
to the confirmed estimate of premium for a statutoryauthority for the
transitional financial year has been paid to the Commonwealth under
section 96G of the SRC Act; and
(b)
the amount of the confirmed estimate
of premium is reduced as a result of a determination under
subsection (1);
the Minister may, in writing, direct that an amount
equal to the refund amount, or amounts that together add up to the
refund amount, be paid to the industryservices body in accordance with the
direction.
(3)
A direction by the Minister may be given subject to such
conditions (if any) about the use or expenditure of the amount or amounts to
which it relates as are set out in the direction.
(4)
If the Minister gives a
direction, the amount or amounts to which it relates are payable to the
industry services body out of the Consolidated Revenue Fund, which is
appropriated accordingly.
(5)
The payment of an amount under
subsection (4) must be made in accordance with the direction, and is
subject to the conditions (if any) set out in the direction.
(6)
A copy of
each direction must be published in the Gazette within 14 days after the
direction is given.
(7)
Failure to comply with subsection (6) does not
affect the validity of a direction.
(8)
In this section:
"refund amount" means the amount equal to the difference between:
Commonwealth Numbered Acts