Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_3:p1
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 1/16)
Character Range: 966660–969211

3                              deciding whether or not to grant a request to negate or reduce a *fuel tax disadvantage  subsection 75‑45(5)

Part 3‑15—Major bank levy

Division 115—General provisions relating to the major bank levy

115‑1  What this Division is about

      An ADI that is liable to pay levy under the Major Bank Levy Act 2017 must give quarterly returns to the Commissioner.
      An amount of levy is due and payable when an ADI's last PAYG instalment within an instalment quarter is due.

Table of sections
115‑5 Returns
115‑10 When major bank levy is due and payable

115‑5  Returns
 (1) An *ADI that is liable to pay levy for a *quarter under the Major Bank Levy Act 2017 must give to the Commissioner a return relating to the levy, in the *approved form.
 (2) The return must be given on or before the *MBL reporting day for the *quarter.
 (3) The MBL reporting day for the *quarter is the day by which the *ADI is required to give to *APRA a report, in accordance with a standard determined by APRA under section 13 of the Financial Sector (Collection of Data) Act 2001, that:
 (a) relates to the *quarter; and
 (b) states the total liabilities amount (within the meaning of the Major Bank Levy Act 2017) for the quarter in relation to the ADI.

115‑10  When major bank levy is due and payable
 (1) An amount of levy under the Major Bank Levy Act 2017 that an *ADI is liable to pay for a *quarter is due and payable on the first day:
 (a) that occurs on or after the *MBL reporting day for the quarter; and
 (b) on which the last instalment that the ADI is liable to pay within an *instalment quarter is due under Subdivision 45‑B.
 (2) If that amount remains unpaid after it is due and payable, the *ADI is liable to pay *general interest charge on the unpaid amount for each day in the period that:
 (a) started at the beginning of the day by which the amount was due to be paid; and
 (b) finishes at the end of the last day at the end of which either of the following remains unpaid:
 (i) the amount;
 (ii) general interest charge on any of the amount.

Division 117—Anti‑avoidance

Table of Subdivisions
 Guide to Division 117
117‑A Application of this Division
117‑B Commissioner may negate effects of schemes for MBL benefits

Guide to Division 117

117‑1  What this Division is about

      This Division applies to deter schemes that give entities MBL benefits.
      If the sole or dominant purpose of entering into a scheme is to give an entity such a benefit, the Commissioner may negate the MBL benefit an entity