Document ID: chunk:federal_register_of_legislation:C2004C00798:clause:12_2
Version: federal_register_of_legislation:C2004C00798
Segment Type: clause
Provision Reference: sch 12 cl 2
Character Range: 10707–11327

2  Deferral of date for paying levy

(1) This item applies to a levy paying entity if, because of section 4 of a Validation Act:
 (a) the entity is liable to pay levy imposed by an Imposition Act; and
 (b) the levy payable by the entity would, apart from this item, have been due and payable under section 9 of the Collection Act before the deferred payment day.

(2) The levy payable by the entity is taken to be due and payable on the deferred payment day, despite section 9 of the Collection Act.

Note: This provision affects the calculation of late payment penalty (if any) under section 10 of the Collection Act.