Section 255 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Refunds payable by Corporation

255 Refunds payable by Corporation (1) If the Corporation is satisfied that a levy payable under this Act has been paid in excess of the amount properly payable, the Corporation must— (a) refund the amount paid in excess; or (b) credit any amount so paid in excess on account against the amount of any other levy or other amount that may for the time being be due and payable by the person by whom the payment in excess was made, and notify the person accordingly. (1A) Levies paid under section 213(2)(c) are refundable to the persons or classes of person, to the extent, and in the manner, prescribed by regulations made under this Act, and any refundable amount must be paid by the Corporation or an agent of the Corporation in accordance with the regulations. (2) The Corporation may refrain from making a refund under subsection (1)(a) , or notifying the crediting of an amount under subsection (1)(b) or making a refund under subsection (1A) ,, if the amount of the refund or credit is less than $20. (3) No amount collected under this Act by the Commissioner may be refunded or credited under this section after the expiration of the period of 8 years immediately after the end of the year in which the relevant levy was payable. Compare: SR 1999/196 r 25 Subsection (1A) was inserted, as from 1 July 2003, by section 11(1) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2003 (2003 No 29). Subsection (2) was amended, as from 1 July 2003, by section 11(2) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2003 (2003 No 29) by inserting the words “ or making a refund under subsection (1A), ” after the expression “ subsection (1)(b), ” .