Section 12
Premium contributions payable by DI Scheme members
of Deposit Insurance and Policy Owners’ Protection Schemes Act 2011
ActIn forceProvision 12 of 107
Section 12
(1)
Every DI Scheme member must pay a premium contribution for any premium year or part thereof in respect of the insured deposits placed with the DI Scheme member.
(2)
Subject to the provisions of this Act, the premium contribution is such amount as may be computed by the Authority under section 13.
(3)
The premium year for the DI Scheme is such period as may be prescribed in regulations made under subsection (4).
(4)
The Authority may make regulations for the purpose of prescribing the premium year.