14Prescribed rates for long service levy—the Act, s 35

14 Prescribed rates for long service levy—the Act, s 35

14 Prescribed rates for long service levy—the Act, s 35

For the Act, section 35, the prescribed rate for a long service levy payable for a building is—

(a) until 31 December 2022—0.35% of the cost of erecting the building, or

(b) from 1 January 2023—0.25% of the cost of erecting the building.

Note—

The prescribed rate for an additional amount of the long service levy under the Act, section 41(3), is also calculated at this rate.