Financial Institutions Supervisory Levies Collection Act 1998
25Exempting laws ineffective
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25 Exempting laws ineffective
(1) Nothing in a law passed before the commencement of this section exempts a trustee of a fund from liability to pay levy.
(2) If a law (including a provision of a law) passed after the commencement of this section purports to exempt a trustee of a fund from:
(a) liability to pay taxes under laws of the Commonwealth; or
(b) liability to pay certain taxes under laws of the Commonwealth that would otherwise include levy;
the law does not operate to exempt the trustee from liability to pay levy unless the exemption expressly refers to levy under this Act.