Money
FeesI126
1
The following shall be inserted after Article 361 of the 1989 Order (fees orders)—
Fees orders (supplementary)361A
1
The Department—
a
may, with the concurrence of the Department of Finance and Personnel, by order subject to negative resolution require a body to pay a fee in connection with the grant or maintenance of recognition of the body under Article 350, and
b
may refuse recognition, or revoke an order of recognition under Article 350(1) by a further order, where a fee is not paid.
2
The Department—
a
may, with the concurrence of the Department of Finance and Personnel, by order subject to negative resolution require a person to pay a fee in connection with the grant or maintenance of authorisation of the person under Article 352, and
b
may disregard an application or withdraw an authorisation where a fee is not paid.
3
The Department may by order subject to negative resolution require the payment of fees in respect of—
a
the operation of the Insolvency Account;
b
payments into and out of that Account.
4
The Department of Finance and Personnel may direct by whom and in what manner the fees are to be collected and accounted for.
5
Paragraphs (3) and (5) of Article 361 apply to fees under this Article as they apply to fees under that Article.
6
Nothing in this Article prejudices the provision contained in Article 361.
2
An order made by virtue of paragraph (1) may relate to the maintenance of recognition or authorisation granted before this Article comes into operation.
3
At the end of Article 351 of the 1989 Order (authorisation of insolvency practitioner) there shall be added—
9
Paragraph (3)(c) shall not have effect in respect of an application made to the Department (but this paragraph is without prejudice to Article 361A).
Insolvency Account: interestI227
1
The following shall be inserted after paragraph 16 of Schedule 5 to the 1989 Order (company insolvency rules: money)—
16A
Provision enabling the Department to set the rate of interest paid on sums which have been paid into the Insolvency Account.
2
The following shall be inserted after paragraph 19 of Schedule 6 to the 1989 Order (individual insolvency rules: money)—
19A
Provision enabling the Department to set the rate of interest paid on sums which have been paid into the Insolvency Account.
Insolvency Account: adjustment of balancesI328
The following shall be inserted after Article 358 of the 1989 Order (Insolvency Account)—
Adjustment of balances358A
1
The Department of Finance and Personnel may direct the payment out of the Consolidated Fund of sums into the Insolvency Account.
2
The Department of Finance and Personnel shall certify to the Assembly the reason for any payment under paragraph (1).
3
The Department may pay sums out of the Insolvency Account into the Consolidated Fund.