Private Health Insurance (Prudential Supervision) (Consequential Amendments and Transitional Provisions) Act 2015 (87 of 2015)
Schedule 1 Consequential amendments
Part 1 Amendments
Division 1 Main amendments
Financial Institutions Supervisory Levies Collection Act 1998
16 At the end of section 10
Add:
(3) The applicable rate , in relation to an amount of unpaid levy, is:
(a) 20% (unless the levy was imposed by the Private Health Insurance Supervisory Levy Imposition Act 2015); or
(b) if the levy was imposed by the Private Health Insurance Supervisory Levy Imposition Act 2015:
(i) 15% (unless subparagraph (ii) applies); or
(ii) if, under a legislative instrument made by the Minister for the purposes of this subparagraph, a specified rate of less than 15% applies in relation to the unpaid levy - that specified rate.