Financial Services Compensation Scheme of Last Resort Levy (Collection) Act 2023
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3 Simplified outline of this Act
This Act is about the collection of levy imposed by the Financial Services Compensation Scheme of Last Resort Levy Act 2023.
Persons on whom levy is to be imposed may be notified that they must provide information to ASIC for a levy period.
There are rules dealing with when information that is required to be given is not given, is unsatisfactory, or is false or misleading.
ASIC must give a notice specifying when levy is due for payment.
Late payment penalty will be payable if levy remains unpaid after it becomes due for payment.