Regulation 71A Return of certain contributions in respect of share-based remuneration.
(1) Any contributions referred to in subparagraph (i) of section 34A(1)(a) that have been paid in respect of an employed contributor or special contributor shall be returned by the Minister or Collector-General, as appropriate -
(a) to that employed contributor or special contributor, as the case may be, or
(b) to the employer of that employed contributor or special contributor in accordance with sub-article (4),
if application to that effect is made in writing to the Minister or Collector-General, as appropriate, in accordance with sub-article (7).
(2) The amount of any employment contributions to be returned under sub-article (1) to or in respect of an employed contributor or a special contributor shall be reduced by the amount of any benefit under Part 2 of the Principal Act paid to such employed contributor or special contributor (or to any other person) by reason of the payment of the employment contributions referred to in section 34A(1) (a) (i).
(3) Any contributions referred to in paragraph (b) of section 34A(1) that have been paid by an employer shall be returned by the Minister or Collector-General, as appropriate, to that employer, if application to that effect is made in writing to the Minister or Collector-General, as appropriate, in accordance with sub-article (7).