Review of the rate at which the Levy is charged5
1
The Secretary of State must review whether the rate at which the levy is charged by section 27(1A) of the 1963 Act remains appropriate to achieve the purposes mentioned in section 24(1)(a) to (c) of that Act.
2
The review must be conducted no later than the end of the period of seven years, beginning on the day on which these Regulations come into force.
3
As soon as practicable after the review, the Secretary of State must—
a
lay a report before each House of Parliament, or
b
make a statement to the House of Parliament of which that Secretary of State is a member,
setting out the results and conclusions of the review.