7Levy

7 Levy

(1)  The company may impose a levy to fulfil its obligations under the new scheme.

(2)  A levy may be imposed only –

(a) [Section 7 Subsection (2) amended by No. 17 of 2003, s. 6, Applied:09 May 2003] in substitution for any payment determined for the purpose of section 5(1)(b) ; and

(b) on a person who is liable to pay a levy under section 25 of the Building and Construction Industry Training Fund Act 1990 .

(3)  A person must pay any levy imposed on the person under this section.

Penalty:  Fine not exceeding 100 penalty units.