Commonwealth Consolidated Acts

FINANCIAL SERVICES COMPENSATION SCHEME OF LAST RESORT LEVY (COLLECTION) ACT 2023

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Simplified outline of this Act  
   4.      Act binds the Crown  
   5.      External Territories  
   6.      Extraterritorial application  
   7.      Definitions  

   PART 2--PRE---IMPOSITION INFORMATION AND ESTIMATES OF CLAIMS AND COSTS

   8.      Information required from levy payers before a levy period  
   9.      Initial estimate of claims, fees and costs for a levy period  
   10.     Revised estimate of claims, fees and costs for a levy period  
   11.     Initial estimate of unpaid claims, and AFCA's unpaid fees, for complaints given to AFCA before the accumulation recovery day  
   12.     Revised estimate of unpaid claims, and AFCA's unpaid fees, for complaints given to AFCA before the accumulation recovery day  

   PART 3--PAYMENT--OF LEVY, LATE PAYMENT PENALTY AND SHORTFALL PENALTY

   13.     When levy due for payment  
   14.     Late payment penalty  
   15.     Default notice  
   16.     Shortfall penalty  
   17.     Payment of levy, late payment penalty and shortfall penalty  
   18.     Waiver of levy, late payment penalty and shortfall penalty  
   19.     Recovery of levy, late payment penalty and shortfall penalty  
   20.     Substantiation notices  
   21.     Compliance with substantiation notice  
   22.     Failure to comply with substantiation notice  
   23.     Exempting laws ineffective  
   24.     Internal review of certain decisions  
   25.     Administrative Appeals Tribunal review of certain decisions  

   PART 4--OTHER--MATTERS

   26.     Treatment of partnerships  
   27.     Treatment of unincorporated associations  
   28.     Treatment of RSE licensees  
   29.     Treatment of multiple trustees  
   30.     Approved forms  
   31.     Regulations