Commonwealth Consolidated Acts

AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE INDUSTRY CONTRIBUTION (COLLECTION) ACT 2011 - SECT 12

  (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).