National Injury Insurance Scheme (Queensland) Act 2016
sec.99Fixing levy
Start here
Get a plain-English read of sec.99
Turn the raw legal text into a practical explanation grounded in National Injury Insurance Scheme (Queensland) Act 2016.
sec.99 Fixing levy
The levy for a financial year is the amount fixed by regulation for the financial year. A regulation for a financial year must be made at least 3 months before the start of the financial year. However, if a regulation fixing the levy for a financial year is not made at least 3 months before the start of the financial year, the levy last fixed continues as the levy for the financial year until a regulation for the financial year commences. A regulation made for a financial year that is not made at least 3 months before the start of the financial year commences— 3 months after it is notified; or on a later day stated in the regulation. If the commission recommends a special increase in the levy and the Treasurer approves the increase, a regulation fixing the increased levy may be made at any time. If a regulation fixes an increased levy, the increased levy becomes the levy fixed for the remainder of the financial year in which the regulation commences. Subsection (4) applies despite the Statutory Instruments Act 1992 , section 32 . (sec.99-ssec.1) The levy for a financial year is the amount fixed by regulation for the financial year. (sec.99-ssec.2) A regulation for a financial year must be made at least 3 months before the start of the financial year. (sec.99-ssec.3) However, if a regulation fixing the levy for a financial year is not made at least 3 months before the start of the financial year, the levy last fixed continues as the levy for the financial year until a regulation for the financial year commences. (sec.99-ssec.4) A regulation made for a financial year that is not made at least 3 months before the start of the financial year commences— 3 months after it is notified; or on a later day stated in the regulation. (sec.99-ssec.5) If the commission recommends a special increase in the levy and the Treasurer approves the increase, a regulation fixing the increased levy may be made at any time. (sec.99-ssec.6) If a regulation fixes an increased levy, the increased levy becomes the levy fixed for the remainder of the financial year in which the regulation commences. (sec.99-ssec.7) Subsection (4) applies despite the Statutory Instruments Act 1992 , section 32 .
- (a) 3 months after it is notified; or
- (b) on a later day stated in the regulation.