9. Minimum premium contribution

Subject to paragraphs (2) and (3), for any premium year, a Scheme member shall pay a minimum premium contribution of $2,500. (2) In the case where —

a full bank or finance company becomes a Scheme member during the course of a premium year; or (b)an exemption from the requirement to be a Scheme member granted to a full bank or finance company pursuant to section 6 of the Act is withdrawn during the course of a premium year, the minimum premium contribution that the full bank or finance company, as the case may be, shall pay shall be pro-rated according to the number of months, or any part thereof, remaining for that premium year. (3) Where the first premium year does not commence from 1st April, the minimum premium contribution that a Scheme member shall pay for the first premium year shall be pro-rated according to the number of months, or any part thereof, comprised in the first premium year.

Subject to paragraphs (2) and (3), for any premium year, a Scheme member shall pay a minimum premium contribution of $2,500.

In the case where —

a full bank or finance company becomes a Scheme member during the course of a premium year; or (b)an exemption from the requirement to be a Scheme member granted to a full bank or finance company pursuant to section 6 of the Act is withdrawn during the course of a premium year, the minimum premium contribution that the full bank or finance company, as the case may be, shall pay shall be pro-rated according to the number of months, or any part thereof, remaining for that premium year.

Where the first premium year does not commence from 1st April, the minimum premium contribution that a Scheme member shall pay for the first premium year shall be pro-rated according to the number of months, or any part thereof, comprised in the first premium year.