S.L. 371.9 Art. 28Adjustment of Compensation Contribution and Management Expenses Contribution.

(1) The calculation of contributions shall take into account previous contributions, where contributions raised prove either more or less than the amount actually due in accordance with these regulations.

(2) The Scheme may adjust the calculation of a member’s share of any contribution to take proper account of any or all of the following:

(a) any excess or shortfall, not already taken into account, between previous contributions of the same type assessed in relation to previous financial years and the relevant contributions actually due in that financial year;

(b) amounts that the Scheme has not been able to recover from members for any reason whatsoever;

(c) payments deferred under regulation 30;

(d) anything else that the Scheme believes on reasonable grounds should be taken into account.

(3) The Scheme may reduce, remit, or refund any overpaid contributions paid by a member in respect of any particular calendar year, or adjust the calculation of a member’s share of any contribution, wherever there is a mistake of law or of fact, unless the reduction, remit, refund or adjustment is in respect of a contribution which is prescribed in accordance with regulation 29(9).

(4) A member who ceases to be a member of the Scheme for whichever reason shall not be entitled for any refund of payments to the Scheme in respect of its contributions.