Document ID: chunk:federal_register_of_legislation:C2008A00105:clause:1_26c
Version: federal_register_of_legislation:C2008A00105
Segment Type: clause
Provision Reference: sch 1 cl 26C
Character Range: 81982–82720

26C  When levy due for payment

 (1) A levy payable by an ADI or a general insurer is due and payable on the date specified in the regulations imposing the levy.

 (2) The date specified must not be earlier than the 28th day after the day on which the regulation imposing the levy took effect.

 (3) However, APRA may, by written notice given to the ADI or general insurer before, on or after the day on which levy would be due and payable apart from this subsection, specify a later day as the day on which the levy is due and payable. The notice has effect, and is taken always to have had effect, according to its terms.

Note: The notice may affect whether and when the ADI or general insurer is liable to pay late payment penalty.