Document ID: chunk:federal_register_of_legislation:C2025C00112:section:18
Version: federal_register_of_legislation:C2025C00112
Segment Type: section
Provision Reference: s 18
Character Range: 24655–25161

18  Waiver of levy, late payment penalty and shortfall penalty
 (1) ASIC may, on behalf of the Commonwealth, waive the payment of the whole or a part of one or more of the following amounts payable by a person, if ASIC is satisfied that there are exceptional circumstances justifying the waiver:
  (a) an instalment of levy;
 (b) late payment penalty;
 (c) shortfall penalty.
 (2) ASIC may do so on its own initiative or on written application by a person.
 (3) Applications must be in the approved form.