12
CurrentRecovery of levy and late payment penalty
12 Recovery of levy and late payment penalty
(1)
The following amounts may be recovered by the Commonwealth from a person as debts due to the Commonwealth:
(a)
an instalment of levy that is due and payable by the person;
(b)
late payment penalty that is due and payable by the person.
(2)
The AUSTRAC CEO is authorised, as agent of the Commonwealth, to bring proceedings in the name of the Commonwealth for the recovery of a debt due to the Commonwealth of a kind mentioned in subsection (1).
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.