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Financial Institutions Supervisory Levies Collection Act 1998
26GRecovery of levy and late payment penalty
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26G Recovery of levy and late payment penalty
(1) The following amounts may be recovered by the Commonwealth as debts due to the Commonwealth:
(a) levy that is due and payable;
(b) late payment penalty that is due and payable.
(2) APRA may bring proceedings in the name of the Commonwealth (as its agent) for the recovery of a debt due to the Commonwealth as described in subsection (1).