210ANotice of apportioned liability

210A Notice of apportioned liability (1) If the Minister apportions liability under section 210, the Minister must give each licensed insurer and licensed self-insurer a written notice that— (a) sets out details of the apportionment; and (b) requires the licensed insurer or licensed self-insurer to pay to the Territory the amount apportioned to the licensed insurer or licensed self-insurer within the time for payment stated in the notice. (2) The time stated for payment in the notice must not be shorter than 30 days after the day the licensed insurer or licensed self-insurer receives the notice. (3) The Minister may amend or revoke a notice given under this section. (4) In subsection (1) (b): the amount means either— (a) an amount in dollars; or (b) a percentage— (i) for a licensed insurer—of the gross written premiums for the licensed insurer; or (ii) for a licensed self-insurer—of the notional gross written premium for the licensed self-insurer.