Document ID: chunk:federal_register_of_legislation:C2015A00087:clause:2_17
Version: federal_register_of_legislation:C2015A00087
Segment Type: clause
Provision Reference: sch 2 cl 17
Character Range: 72097–73437

17  Collection and recovery of Council administration levy and collapsed insurer levy imposed before the transition time
(1) This item applies if the imposition day for an amount (the levy amount) of Council administration levy, or collapsed insurer levy, is before the transition time, but the amount has not been paid by that time.
(2) The following provisions of the PHI Act as in force immediately before the transition time:
 (a) Division 307;
 (b) section 328‑5 as it relates to decisions made under Division 307;
are taken to continue to apply in relation to the levy amount (despite the amendments made by this Act), as if references in sections 307‑10, 307‑15, 307‑20 and 307‑25 to the Council were instead references to APRA (acting for and on behalf of the Commonwealth).
(3) If:
 (a) the levy amount is Council administration levy; and
 (b) an amount is paid to, or recovered by, APRA in respect of the levy amount or related late payment penalty;
an amount equal to the amount so paid or recovered must be credited to the APRA Special Account.
(4) If:
 (a) the levy amount is collapsed insurer levy; and
 (b) an amount is paid to, or recovered by, APRA in respect of the levy amount or related late payment penalty;
an amount equal to the amount so paid or recovered must be credited to the Collapsed Insurer Special Account.