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1 These Regulations may be cited as the Nova Scotia Share of Offshore Sales Tax Payment Regulations.

6 Where a determination pursuant to subsection 64(2) of the Act discloses that, in respect of the fiscal year for which the determination was made, the aggregate of the amounts on account calculated pursuant to subsection 3(1) as adjusted pursuant to section 4 and transferred into the Revenue Fund pursuant to subsection 67(2) of the Act, are

• (a) greater than the portion of the Nova Scotia share in respect of the fiscal year that relates to offshore sales tax, such overpayment shall be recovered by setting it off against an amount that may be payable or may become payable to Her Majesty in right of Nova Scotia pursuant to subsection 67(2) of the Act and subsection 3(1) of these Regulations; or

4 The Minister may make adjustments to any amount that may be payable or may become payable to Her Majesty in right of Nova Scotia pursuant to subsection 67(2) of the Act and subsection 3(1) of these Regulations.

• 3 (1) For the purposes of subsection 67(2) of the Act, the calculation of an amount to be transferred on account of any amount, in respect of offshore sales tax, that may be payable or may become payable to Her Majesty in right of Nova Scotia under the Act shall be made

  • (a) in the case of the first amount, on or before the fifth working day following the coming into force of these Regulations; and

2 In these Regulations,