404General provisions applying to assessment by an actuary

404 General provisions applying to assessment by an actuary (1) This section applies to any assessment of the tail claim liabilities of an employer conducted by an actuary under section 405 or 406. (2) The actuary must provide the employer with a copy of the proposed assessment. (3) The employer may provide comments to the actuary within 28 days of receiving a copy of the proposed assessment or within any further period as may be agreed between the Authority and the employer. (4) Before finalising the assessment, the actuary must consider any comments received under subsection (3). (5) The employer must pay the cost of conducting the assessment and any money owed to the actuary by the Authority in relation to the assessment. (6) If the Authority pays the cost of conducting the assessment or other money owed to the actuary in relation to the assessment, the amount paid by the Authority together with interest at the prescribed rate is a debt of the employer due to the Authority.