Document ID: chunk:federal_register_of_legislation:F2024L01568:clause:2_4
Version: federal_register_of_legislation:F2024L01568
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 542190–543179

4            To whom is the levy payable?                                                                                                                       The Commonwealth

Note 1: For item 1, a collection agent is liable to pay an amount, on behalf of the levy payer, equal to the levy: see clause 40‑2.
 If the agent pays that amount, the levy payer's liability to pay the levy is discharged under section 10 of the Act. That section allows the agent to deduct amounts from money received by the agent on behalf of the levy payer or money payable by the agent to the levy payer, or to recover amounts from the levy payer, up to the amount of the levy.
Note 2: For penalty for late payment, see section 9 of the Act.

Giving quarterly or annual returns
 (2) For the purposes of paragraph 59(2)(a) of the Act, for levy imposed on bananas, this table has effect.

Quarterly or annual returns
Item                         Matter                                                     Rule