This legislation has been repealed.
(1) If the Corporation
considers that a statutory payment payable by an employer should be
adjusted—
(a)
because of a change in—
(i)
the category to which the employer belongs; or
(ii)
the class of industry or industries in which the employer
employs workers; or
(iii)
the workplace or workplaces at which the employer employs
workers; or
(b)
because of the specification of an estimate or the making of a determination
under section 72E(3)
; or
(c)
because of information provided under section 72F
; or
(d)
because of the outcome of a review under section 72G
; or
(e)
because of any other circumstance prescribed by the regulations,
the Corporation may issue to the employer a notice of adjustment of the
statutory payment.
(2) If an additional
amount is payable under a notice of adjustment under subsection (1)
, the additional amount is payable in accordance with a determination of the
Corporation (and may be recovered as an unpaid statutory payment in a case of
default).
(3) If an excess
amount has been paid by the employer on account of a notice of adjustment
under subsection (1)
, the Corporation may at the Corporation's discretion (but subject to the
regulations)—
(a)
refund the excess to the employer; or
(b) set
off the excess against existing or future liabilities of the employer for
statutory payments under this Part.
(4) An adjustment may
be made under this section at any time (including in respect of any period
that has been completed or expired or is still underway).
(5) Nothing in this
section affects the adjustment of a statutory payment under another provision
of this Act.