sec.43OEntitlement to final levy refund amount

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