Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.10B - FINANCIAL SERVICES COMPENSATION SCHEME OF LAST RESORT  

Division 3 - Reimbursement of unpaid AFCA fees  

SECTION 1069C   PAYMENT OF AFCA ' S ACCUMULATED UNPAID FEES  

1069C(1)    
The CSLR operator must pay to AFCA an amount equal to AFCA ' s accumulated unpaid fees if AFCA has notified the CSLR operator of those fees in accordance with subsection 1058B(3) .

1069C(2)    
The CSLR operator must pay the amount to AFCA as soon as reasonably practicable after AFCA ' s notification to the CSLR operator of those fees.

1069C(3)    
However, the CSLR operator must not pay an amount under this section before:

(a)    the start of the first levy period; or

(b)    any later day prescribed by regulations made for the purposes of this paragraph.