Part 7The scheme administrator: the deposit management organisation
Chapter 3The deposit
Use of amounts received as deposits62.
(1)
The deposit management organisation—
(a)
must retain the amounts paid to it by registered scheme producers under regulation 22, and
(b)
must use those amounts to meet the cost of refunds for returnable items under regulation 43(2).
(2)
If any amount remains after the costs mentioned in paragraph (1)(b) have been paid, the deposit management organisation must use such of that amount towards any of the NEA costs which have not otherwise been met.
(3)
If any amount remains after the payments referred to in paragraph (2) have been made, the deposit management organisation may use that remaining amount for the purpose of meeting the costs of exercising any of the deposit management organisation’s functions under or in connection with the Scheme.