sec.98Commission’s recommendation about levy

sec.98 Commission’s recommendation about levy

At least 4 months before the end of each financial year, the commission must give the Treasurer a written recommendation about the amount of the levy for the next financial year. In making the recommendation, the commission— must consider— the agency’s calculations and recommendation under section 97 for the financial year; and an analysis of the scheme prepared by an actuary; and may consider any other matter the commission considers appropriate. Subsection (4) applies if— there is an unexpected increase in the agency’s liabilities for a financial year; and the commission is satisfied the increase requires the levy fixed for the financial year to be increased before the end of the financial year. The commission may, at any time, recommend to the Treasurer a special increase in the levy. (sec.98-ssec.1) At least 4 months before the end of each financial year, the commission must give the Treasurer a written recommendation about the amount of the levy for the next financial year. (sec.98-ssec.2) In making the recommendation, the commission— must consider— the agency’s calculations and recommendation under section 97 for the financial year; and an analysis of the scheme prepared by an actuary; and may consider any other matter the commission considers appropriate. (sec.98-ssec.3) Subsection (4) applies if— there is an unexpected increase in the agency’s liabilities for a financial year; and the commission is satisfied the increase requires the levy fixed for the financial year to be increased before the end of the financial year. (sec.98-ssec.4) The commission may, at any time, recommend to the Treasurer a special increase in the levy.

• (a) must consider— (i) the agency’s calculations and recommendation under section 97 for the financial year; and (ii) an analysis of the scheme prepared by an actuary; and
• (i) the agency’s calculations and recommendation under section 97 for the financial year; and
• (ii) an analysis of the scheme prepared by an actuary; and
• (b) may consider any other matter the commission considers appropriate.
• (i) the agency’s calculations and recommendation under section 97 for the financial year; and
• (ii) an analysis of the scheme prepared by an actuary; and
• (a) there is an unexpected increase in the agency’s liabilities for a financial year; and
• (b) the commission is satisfied the increase requires the levy fixed for the financial year to be increased before the end of the financial year.