(1) In this section, "Council regulations" means regulations made by the Council, with the consent of the Minister, under subsection (4).
(2) Each financial service provider shall be liable to pay an annual charge (in this Act referred to as the "financial services industry levy") in respect of the services provided by the Ombudsman to the financial services industry.
(3) The financial services industry levy shall be paid to the Office on or before the date prescribed by the Council in regulations, in respect of the period concerned and in the manner specified by the Council.
(4) The Council shall, with the consent of the Minister, prescribe by regulation the financial services industry levy to be paid having regard to the expenditure incurred or reasonably expected to be incurred by the Office in relation to complaints received by the Office in relation to financial service providers.
(5) The Council regulations may, having had regard to the number and type of complaints received by t
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