Regulation 31. Notification of acceptance of return of net revenue. (COMMUNICATIONS AND MULTIMEDIA (UNIVERSAL SERVICE PROVISION) REGULATIONS 2002

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Malaysia Legislation

P.U.(A) 419/2002
COMMUNICATIONS AND MULTIMEDIA (UNIVERSAL SERVICE PROVISION) REGULATIONS 2002
PART VI - USP FUND

Regulation 31. Notification of acceptance of return of net revenue.

(1) Upon verification and acceptance of the return, the Commission shall notify the licensee in writing of the acceptance and the amount of contribution required to be paid, if any, by the licensee.

(2) If upon verification the Commission does not accept the return, the Commission shall notify the licensee in writing of the refusal and request the licensee to submit a fresh return within the time specified in the request.

(3) On receipt of the fresh return under subregulation (2), the Commission may proceed to verify the return in the manner as prescribed in regulation 30 and either—

(a)

accept the return and notify the licensee of the amount of contribution required to be paid; or

(b)

refuse to accept the return, in such case the Commission shall notify the licensee and regulation 33 shall apply.

(4) The notification under subregulation (1) and paragraph (3)(a) shall specify—

(a)

the date the contribution is due; and

(b)

whether the payment of contribution is to be made in one lump sum or two equal instalments.