Document ID: chunk:federal_register_of_legislation:C2018C00212:section:8
Version: federal_register_of_legislation:C2018C00212
Segment Type: section
Provision Reference: s 8
Character Range: 5007–5478

8  Imposition of levy
 (1) If a person has a true‑up shortfall, levy is imposed on the true‑up shortfall.
 (2) Levy imposed by subsection (1) is payable by the person.

Amount of levy
 (3) The amount of levy imposed by subsection (1) on a true‑up shortfall is the amount worked out using the formula:

General
 (4) This section imposes levy only so far as that levy is neither a duty of customs nor a duty of excise within the meaning of section 55 of the Constitution.