CTHRepealedAct
Securities Industry Act 1980
122FARevocation of levy on reportable transactions
Start here
Get a plain-English read of 122FA
Turn the raw legal text into a practical explanation grounded in Securities Industry Act 1980.
##### 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.