Commonwealth Numbered Acts

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FINANCIAL INSTITUTIONS SUPERVISORY LEVIES COLLECTION ACT 1998No. 53, 1998 - SECT 20

Late payment penalty (1) If any levy payable by the trustee of a fund remains unpaid as at:

the trustee is liable to pay to the Commonwealth, in respect of that levy month, by way of penalty, the amount worked out using the formula:

(2) Late payment penalty for a levy month is due and payable at the end of the levy month.



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