25Late assessment of initial contribution amount

25 Late assessment of initial contribution amount

25 Late assessment of initial contribution amount

An initial assessment notice for a financial year may be served on an insurer after the date of 30 April occurring immediately before the financial year for which the initial contribution amount specified in the notice is payable—

(a) if the Chief Commissioner does not become aware that an insurer is liable or likely to be liable for a contribution in the financial year until after the date of 31 March occurring immediately before the financial year, or

(b) in any other circumstances that the Chief Commissioner considers necessary.