Building and Construction Industry (Portable Long Service Leave) Regulation 2024
sec.14Refund of levy— Act , s 81
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sec.14 Refund of levy— Act , s 81
For section 81 (2) of the Act , the amount to be refunded is the total of the amounts worked out by applying the percentages mentioned in section 8 to the difference between— the cost of the building and construction work for which levy has been paid; and the cost of the building and construction work when the refund is applied for. The amount to be refunded must be rounded to the nearest dollar (rounding one-half downwards). (sec.14-ssec.1) For section 81 (2) of the Act , the amount to be refunded is the total of the amounts worked out by applying the percentages mentioned in section 8 to the difference between— the cost of the building and construction work for which levy has been paid; and the cost of the building and construction work when the refund is applied for. (sec.14-ssec.2) The amount to be refunded must be rounded to the nearest dollar (rounding one-half downwards).
- (a) the cost of the building and construction work for which levy has been paid; and
- (b) the cost of the building and construction work when the refund is applied for.