(1) The Bank may enter into an arrangement with a prescribed body in relation to the collection of a levy.
(2) An arrangement referred to in subsection (1) is to be for the purpose of enabling the Bank or prescribed body to collect the relevant levy from each person or body obliged to pay it and pay the collected levy to the entity entitled to receive it.
(3) An arrangement referred to in subsection (1) shall provide for the costs associated with the collection of the levy concerned to be met by the entity entitled to receive the levy.
(4) In this section -
"levy" means a levy imposed under section 32D or any other enactment;
"prescribed body" means the following: (a) the Pensions Authority; (b) the Financial Services and Pensions Ombudsman, (c) the Competition and Consumer Protection Commission; (ca) the Credit Union Restructuring Board; (d) any other body prescribed by the Minister by regulations made for the purposes of this section.