Northern Territory Consolidated Acts

TERRITORY INSURANCE OFFICE ACT - SECT 33B

    (1)     The Office must, for each financial year, pay to the Central Holding Authority a fee for the prudential supervision of the Office by the Territory.

    (2)     The fee is the amount decided by the Treasurer for the financial year in accordance with the Determinations made under section 33A.

    (2A)     To avoid doubt, the fee may relate to:

        (a)     the commercial business; or

        (b)     the MAC business; or

        (c)     both the commercial business and MAC business.

    (3)     The Office must pay the fee for the financial year within 2 months after the Treasurer has notified the Office of the amount.