122FARevocation of levy on reportable transactions

122FA Revocation of levy on reportable transactions

(1) The Corporation may at any time, whether or not the amount in the Fund exceeds the minimum amount, revoke a levy imposed under section 122EB, but need not revoke such a levy merely because the amount in the Fund exceeds the minimum amount. (2) The revocation of a levy does not affect a liability to pay an amount of levy that became payable before the revocation.