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Financial Institutions Supervisory Levies Collection Act 1998
24Application of levy, late payment penalty and repayments of financial assistance
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24 Application of levy, late payment penalty and repayments of financial assistance
If levy is imposed as a result of a determination by the Minister to make a grant of financial assistance, the following amounts must be paid to the Commonwealth:
(a) amounts of the levy, and late payment penalty in respect of the levy, received by the Minister;
(b) repayments of the financial assistance.