8Levy component for leviable entities that are deregistered

8 Levy component for leviable entities that are deregistered

However, the amount of levy payable by a leviable entity for a financial year is nil if: (a) the entity is required to lodge a return relating to the financial year with ASIC under section 11 of the ASIC Supervisory Cost Recovery Levy (Collection) Act 2017; and (b) before the end of the day on which the return is required to be lodged: (i) the entity is deregistered under Part 5A.1 of the Corporations Act 2001; or (ii) ASIC publishes a notice regarding the proposed deregistration of the entity under section 601AA or 601AB of that Act; and (c) the entity’s registration has not been reinstated before the end of that day.