ASIC Supervisory Cost Recovery Levy (Collection) Act 2017
12Default notice
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12 Default notice
(1) ASIC may give a leviable entity a notice stating the amount that, in ASIC’s opinion, is the levy payable by the leviable entity for a financial year if: (a) a person fails to provide to ASIC a return containing information relating to the leviable entity as required by section 11; or (b) ASIC is not satisfied with information provided by a person in a return required by section 11, to the extent that it relates to the leviable entity; or (c) a person fails to comply with a requirement under section 17 to provide to ASIC information, or a document, relating to the leviable entity. (2) The amount stated in the notice is taken to be the levy payable by the person for the financial year, unless the contrary is proved.