9When levy due for payment

9 When levy due for payment

(1) Levy payable by a person for a financial year is due and payable on a business day that is: (a) specified in a notice that ASIC gives to the person in relation to the financial year; and (b) not earlier than 30 days after the day on which the notice is given. (2) If the person nominates another person by written notice given to ASIC: (a) the notice under paragraph (1)(a) may be given to the nominated person; and (b) the obligation imposed on the person by subsection (1) may be discharged by the nominated person. (3) To avoid doubt, subsection (2) does not otherwise affect the person’s liability under section 8.