Document ID: chunk:federal_register_of_legislation:C2025C00149:section:9
Version: federal_register_of_legislation:C2025C00149
Segment Type: section
Provision Reference: s 9
Character Range: 10749–12710

9  When levy due for payment
 (1) Levy payable by a leviable body for a financial year (other than levy payable under subsection 8(4A) or (6)) is due and payable on:
 (a) if the levy imposition day relating to the levy payable by the leviable body is 1 July of the financial year—a business day that is:
 (i) specified in a notice given to the leviable body by APRA in relation to the financial year; and
 (ii) is not earlier than 28 days after the day on which the notice is given; or
 (b) if the levy imposition day relating to the levy payable by the leviable body is a day of that financial year after 1 July—by:
 (i) the day that is 6 weeks after the day on which the leviable body becomes that type of leviable body; or
 (ii) if the day applicable under subparagraph (i) is not a business day, the first business day following that day.
 (2) Levy payable under subsection 8(6) for a financial year by a trustee of a superannuation entity is due and payable:
 (a) if the entity is a superannuation entity on 1 July of the financial year and became a superannuation entity before that day—on a business day that:
 (i) is specified in a notice given by APRA to the trustee on or after the day on which an annual return that is a reporting document under section 13 of the Financial Sector (Collection of Data) Act 2001 and that relates to the previous financial year was received by APRA; and
 (ii) is not earlier than 6 weeks after the day on which the notice is given; or
 (b) if the entity becomes a superannuation entity on or after 1 July of the financial year—on a business day that:
 (i) is specified in a notice given by APRA to the trustee; and
 (ii) is not earlier than 6 weeks after the day on which the notice is given.
 (3) Levy payable by a private health insurer for a quarter under subsection 8(4A) is payable on the 14th day after the liability day for the quarter.
Note: For the meaning of quarter and liability day, see subsection 8(4B).