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Bank’s power to prescribe levies
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40. (1) The Bank may, with the prior consent of the Minister, make regulations prescribing levies to be paid by ATM deployers and CIT providers.
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(2) In particular, regulations under subsection (1) may provide for any of the following matters:
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(a) the amounts of specified kinds of levies;
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(b) the ATM deployers and CIT providers, or classes of ATM deployers and CIT providers, who are required to pay specified kinds of levies;
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(c) the periods for which, or the dates by which, specified kinds of levies are to be paid to the Bank;
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(d) penalties payable by an ATM deployer or CIT provider who does not pay a levy on time;
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(e) the keeping of records, and the making of returns to the Bank, by ATM deployers and CIT providers in respect of levies;
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(f) the collection and recovery of levies.
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(3) The Bank may, by proceedings in a court of competent jurisdiction, recover as a debt an amount of levy payable under regulations in force under this section.
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(4) The Bank may refund the whole or a part of a levy paid or payable under regulations in force under this section.
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(5) In this section, “levy” does not include a fee.
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