108Levy debts

#### 108 Levy debts (1) For the purposes of this Division, a levy debt is: (a) an amount of levy that is due and payable by a person; or (b) an amount of levy that is required by clause 97, 98 or 99 to be remitted to the Commonwealth by a collection agent and that remains unremitted after the time when it is required to be remitted; or (c) an amount of levy that is required by clause 98 or 99 to be remitted to a collection agent by a collection sub‑agent and that remains unremitted after the time when it is required to be remitted; or (d) an amount of levy that is required by clause 99 to be remitted to a collection sub‑agent by another collection sub‑agent and that remains unremitted after the time when it is required to be remitted; or (e) an amount of levy that is required by an agreement under clause 103 to be remitted to the Commonwealth by a collecting organisation and that remains unremitted after the time when it is required to be remitted; or (f) an amount of late payment penalty. (2) If an amount of levy that was required to be remitted is recovered by the Commonwealth under this Division: (a) the obligation to remit the amount of levy ceases from the time of the recovery; and (b) subclause 108(2) has effect as if the amount of levy had been remitted at the time of the recovery.