Emergency Services Levy Act 2017
11Premiums that are subject to contribution
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11 Premiums that are subject to contribution
11 Premiums that are subject to contribution
(1) Both an initial contribution amount and a final contribution amount are calculated by reference to the total amount of premiums received by or due to an insurer that are subject to contribution.
(2) A premium is subject to contribution if the premium is for a class of policy specified in Schedule 1.
(3) For the purposes of this Act, the total amount of premiums that are subject to contribution in a financial year is the total of the relevant proportion of the total amount of premiums received by or due to an insurer in the financial year for each class of policy specified in Schedule 1.
(4) The relevant proportion for a class of policy specified in Schedule 1 is the percentage specified in relation to that class of policy in Schedule 1.
(5) An assessment under this Act of the total amount of premiums of an insurer that are subject to contribution in a particular financial year is to be made by reference to Schedule 1 as in force at the commencement of that financial year.