Singapore legislation
Clause 28
Clause 28
Re-computation of premium contributions
(1)
Where it appears to the Authority that the premium contribution for any premium year or part thereof —
computed by the Authority under section 22(2) and notified to the Agency under section 23(1); or
in respect of which a Scheme member has been required to pay under section 23(2) or has paid,is of an amount less than that which ought to have been computed, imposed or paid, as the case may be, the Authority may within the same premium year re-compute such amount of premium contribution which ought to have been computed, imposed or paid, as the case may be, under this Act.
(2)
Sections 23 and 25 shall apply, with the necessary modifications, to any amount of premium contribution re-computed under subsection (1) and the recovery of any shortfall in premium contribution upon a re-computation under that subsection —
as if the reference to premium contribution were a reference to the difference between the amount of premium contribution as re-computed and the amount of premium contribution that was originally computed, imposed or paid, as the case may be, under this Act; and
the reference in section 25(1)(a) to the “date of payment specified in the Rules” shall be read as a reference to the date of payment specified in the notice.