CTHIn ForceAct
Financial Institutions Supervisory Levies Collection Act 1998
26HExempting laws ineffective
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26H Exempting laws ineffective
(1) A law made before the commencement of this section does not exempt an ADI or general insurer from liability to pay levy.
(2) A law made on or after the commencement of this section purporting to exempt an ADI or general insurer from liability to pay taxes under laws of the Commonwealth that would otherwise include levy does not exempt the ADI or general insurer from liability to pay levy unless the exemption expressly refers to levy under the Act under which the levy is imposed.