12Revised estimate of unpaid claims, and AFCA’s unpaid fees, for complaints given to AFCA before the accumulation recovery day

12 Revised estimate of unpaid claims, and AFCA’s unpaid fees, for complaints given to AFCA before the accumulation recovery day

The CSLR operator may, by notifiable instrument made: (a) after the start of the first levy period; and (b) after recalculating the amounts referred to in paragraphs 11(a) to (c); determine for the first levy period a revised estimate using those recalculated amounts.

Note: From this revised estimate:

(a) any shortfall in levy can only be recovered as annual levy for a later levy period (see paragraph 9(1)(d) and subsection 9(6)), which will require a legislative instrument to be made under subsection 9(1); and
(b) any surplus in levy will reduce annual levy for a later levy period (see subparagraph 9(1)(b)(iv) and paragraph 9(2)(c)), which will be reflected in a legislative instrument to be made under subsection 9(1).