Queensland Consolidated Acts Queensland Consolidated Acts(1) A regulation may be made under section 360FA to provide for the annual levy payable under that section for the entire 2011–12 financial year even if that financial year has started.
(2) Section 360FA(5) does not apply in relation to the annual levy for the 2011–12 financial year.
(3) The commission's estimated costs of carrying out its functions under chapter 3 in the 2011–12 financial year must be prescribed under the regulation.
(4) The commission's estimated costs of carrying out its functions under chapter 3 in the 2011–12 financial year may be amended only if—
(a) the estimated costs as amended are—
(i) prepared by the commission in consultation with a relevant advisory body; and
(ii) approved by the Minister; and
(b) the time for paying the annual levy, or the final part of the annual levy, for the financial year under section 360FA has not passed.
(5) A regulation may provide for anything necessary or convenient in relation to the payment of the annual levy, or the final part of the annual levy, for the 2011–12 financial year because of an amendment under subsection (4).
Example—
The regulation may provide for an extension of time for payment of the annual levy or final part of the annual levy.
(6) In this section—
2011–12 financial year means the financial year ending on 30 June 2012.