sec.41AApplication to scheme manager to change annual review allocation day

sec.41A Application to scheme manager to change annual review allocation day

The holder of an authority may apply to the scheme manager to change the annual review allocation day for the authority to another day (the proposed day ). The application must state— the proposed day; and the reasons for the proposed change. In deciding the application, the scheme manager— must consider— the effect the proposed day will have on the operation of the scheme; and any administrative efficiencies the proposed day may achieve for the holder; and may consider any other matter the scheme manager considers relevant. The scheme manager must consider the application and decide— to change the annual review allocation day to the proposed day; or to refuse the application. The scheme manager must make the decision within— 20 business days after receiving the application; or if the scheme manager and the holder agree to a longer period for deciding the application—the longer period. As soon as practicable after making the decision, the scheme manager must give the holder notice of the decision. If the scheme manager decides to change the annual review allocation day, the notice under subsection (6) must state— the annual review allocation day for the authority; and when the change to the annual review allocation day takes effect. s 41A ins 2024 No. 33 s 109 (sec.41A-ssec.1) The holder of an authority may apply to the scheme manager to change the annual review allocation day for the authority to another day (the proposed day ). (sec.41A-ssec.2) The application must state— the proposed day; and the reasons for the proposed change. (sec.41A-ssec.3) In deciding the application, the scheme manager— must consider— the effect the proposed day will have on the operation of the scheme; and any administrative efficiencies the proposed day may achieve for the holder; and may consider any other matter the scheme manager considers relevant. (sec.41A-ssec.4) The scheme manager must consider the application and decide— to change the annual review allocation day to the proposed day; or to refuse the application. (sec.41A-ssec.5) The scheme manager must make the decision within— 20 business days after receiving the application; or if the scheme manager and the holder agree to a longer period for deciding the application—the longer period. (sec.41A-ssec.6) As soon as practicable after making the decision, the scheme manager must give the holder notice of the decision. (sec.41A-ssec.7) If the scheme manager decides to change the annual review allocation day, the notice under subsection (6) must state— the annual review allocation day for the authority; and when the change to the annual review allocation day takes effect.

• (a) the proposed day; and
• (b) the reasons for the proposed change.
• (a) must consider— (i) the effect the proposed day will have on the operation of the scheme; and (ii) any administrative efficiencies the proposed day may achieve for the holder; and