17Making deficiency payments by registered persons

17.—(1.) Subject to this section, a registered person shall, as soon as reasonably practicable, make all deficiency payments that are payable by him in accordance with this Act (including payments by reason of acts and transactions that took place at any time on or after the date on which his registration is to be deemed to have taken effect), and shall do all things necessary to be done by him for that purpose.

(2.) A registered person shall, from time to time, furnish to the Commission, in such form approved by the Secretary as is appropriate, such information and calculations in relation to deficiency payments becoming payable by him as are required by the form, verified by declaration as required by the form.

(3.) Where a registered person has duly furnished information and calculations to the Commission in accordance with the last preceding sub-section, the Commission shall, after examining that information and those calculations, making such inspection of any relevant documents and such inquiries arising out of that inspection as it thinks necessary and referring to the Secretary any matters appearing to require consideration under section 11 of this Act, authorize the registered person to make such deficiency payments of such amounts as appear to the Commission to be payable by the registered person.

(4.) A registered person shall not make a deficiency payment except in accordance with an authorization by the Commission.

(5.) Where a registered person makes a deficiency payment to a person, he shall deliver to that person a statement in writing showing the amount of that deficiency payment separately from any other amount paid to that person.

Interim payments in respect of P.A.P. wool.