10Levy component for persons who are deregistered or who cease to be a member of a sub‑sector

10 Levy component for persons who are deregistered or who cease to be a member of a sub‑sector

(1) Despite section 9, the amount of levy imposed by subsection 8(1) of the Act on a person for a levy period and a sub‑sector is nil if: (a) the person is required under section 8 of the Levy Collection Act to provide information to ASIC for the levy period; and (b) before the end of the day on which the information is required to be so provided: (i) the person is deregistered under Part 5A.1 of the Corporations Act 2001; or (ii) ASIC publishes a notice regarding the proposed deregistration of the person under section 601AA or 601AB of that Act; and (c) the person’s registration is not reinstated before the end of that day. (2) Despite section 9, the amount of levy imposed by subsection 8(1) of the Act on a person for a levy period and a sub‑sector is nil if: (a) the person is required under section 8 of the Levy Collection Act to provide information to ASIC for the levy period; and (b) before the end of the day on which the information is required to be so provided, the person ceases to be a member of the sub‑sector; and (c) the person does not resume being a member of the sub‑sector before the end of that day.