Section 173 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Estimation of levy

173 Estimation of levy (1) The Corporation may require an employer to pay a levy based on the Corporation's reasonable estimate of the levy payable by the employer for part or all of the prescribed period. (2) In that event, the Corporation must, as soon as practicable after the end of the period to which the Corporation's requirement relates, calculate the amount of levy actually payable by the employer for the part or all of the prescribed period and— (a) refund any amount greater than $20 that is overpaid, together with (if that amount exceeds $1000) interest on that amount at the rate prescribed by regulations made under this Act; or (b) require the employer to pay any amount greater than $20 that is outstanding. (3) The Corporation must not issue an invoice arising from a recalculation under subsection (2) unless the amount invoiced is greater than $20. Compare: 1998 No 114 s 281F