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ASIC Supervisory Cost Recovery Levy (Collection) Act 2017

No. 44, 2017

Compilation No. 2

Compilation date: 14 October 2024

                Includes amendments: Act No. 38, 2024

About this compilation

This compilation

This is a compilation of the ASIC Supervisory Cost Recovery Levy (Collection) Act 2017 that shows the text of the law as amended and in force on 14 October 2024 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
1 Short title
2 Commencement
3 Simplified outline of this Act
4 Act binds the Crown
5 External Territories
6 Extraterritorial application
7 Definitions
8 Liability to levy
9 When levy due for payment
10 Late payment penalty
11 Returns
12 Default notice
13 Shortfall penalty
14 Payment of levy, late payment penalty and shortfall penalty
15 Waiver of levy, late payment penalty and shortfall penalty
16 Recovery of levy, late payment penalty and shortfall penalty
17 Substantiation notices
18 Compliance with substantiation notice
19 Failure to comply with substantiation notice
20 Exempting laws ineffective
21 Internal review of certain decisions
22 Administrative Review Tribunal review of certain decisions
23 Treatment of partnerships
24 Treatment of unincorporated associations
25 Treatment of RSE licensees
26 Treatment of multiple trustees
27 Approved forms
28 Rules and regulations
Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history

An Act to provide for the collection of levies imposed on