83Reconciliation at end of scheme year

83 Reconciliation at end of scheme year

83 Reconciliation at end of scheme year

(1) At the end of a scheme year, the EPA is to calculate the actual cost of the scheme for that scheme year.

(2) The actual cost of the scheme for the scheme year is the total of the following:

(a) the costs of the Services Co-ordinator in connection with the scheme for the scheme year, as assessed by the Services Co-ordinator at the end of the scheme year,

(b) the costs of the Registrar in connection with the scheme for the scheme year, as assessed by the Registrar at the end of the scheme year,

(c) the costs of the EPA in connection with the scheme for the scheme year, as assessed by the EPA at the end of the scheme year.

(3) The Services Co-ordinator and the Registrar are to provide the EPA with such information as is necessary for the purpose of calculating the actual cost of the scheme for the scheme year.

(4) If the actual cost of the scheme for the scheme year exceeds the total contributions amount in respect of that scheme year, the amount of the difference is to be added to estimated cost of the scheme for the next scheme year, and the total contributions amount for that year is to be increased accordingly.

(5) If the actual cost of the scheme for the scheme year is less than the total contributions amount in respect of that scheme year, the amount of the difference is to be deducted from the estimated cost of the scheme for the next scheme year, and the total contributions amount for that year is to be decreased accordingly.