91Quarterly returns and payments of contributions

91 Quarterly returns and payments of contributions

[Section 91 Amended by No. 8 of 1980, s. 9 ][Section 91 Amended by No. 64 of 1988, s. 7 ][Section 91 Amended by No. 6 of 1991, s. 10 ]**[Section 91 Substituted by No. 29 of 1995, s. 76 ]

(1)  A local council must –

(a) by 14 October, 14 January and 14 April in each financial year pay to the Commission one-quarter of the total amount of the contribution that the council is notified under section 81B it is required to make for that financial year, less one-quarter of the prescribed collection fee; and

(b) by 14 June in each financial year pay to the Commission the remaining one-quarter of the total amount of the contribution that the local council is notified under section 81B it is required to make for that financial year, less one-quarter of the prescribed collection fee.

(2)  In this section, prescribed collection fee means such amount or such proportion of a local council contribution as may be prescribed as the fee to which the local council responsible for making that contribution is entitled to retain for collecting the contribution.