sec.43KEntitlement to annual levy refund amount

### sec.43K Entitlement to annual levy refund amount This section applies if the employer’s combined periodic liability for the financial year is greater than the employer’s annual levy liability for the year. The employer is entitled to a refund of the amount (the annual levy refund amount ) of the difference between the combined periodic liability and the annual levy amount. Subsection (2) is subject to section 83 . However, the employer is not entitled to a refund of the amount more than 5 years after the making of the assessment of the employer’s annual levy liability for the financial year. This section does not apply in relation to a reassessment of the employer’s annual levy liability. Entitlement to refunds on reassessments is provided for in the Administration Act , part 4 , division 2 . s 43K ins 2022 No. 14 s 85 (sec.43K-ssec.1) This section applies if the employer’s combined periodic liability for the financial year is greater than the employer’s annual levy liability for the year. (sec.43K-ssec.2) The employer is entitled to a refund of the amount (the annual levy refund amount ) of the difference between the combined periodic liability and the annual levy amount. (sec.43K-ssec.3) Subsection (2) is subject to section 83 . (sec.43K-ssec.4) However, the employer is not entitled to a refund of the amount more than 5 years after the making of the assessment of the employer’s annual levy liability for the financial year. (sec.43K-ssec.5) This section does not apply in relation to a reassessment of the employer’s annual levy liability. Entitlement to refunds on reassessments is provided for in the Administration Act , part 4 , division 2 .