Corporations Act 2001
View history note
Hide history noteASIC may cancel or suspend a person ' s registration as an auditor if:
(a) the person is liable to pay levy imposed by the ASIC Supervisory Cost Recovery Levy Act 2017 ; and
(b) the following have not been paid in full at least 12 months after the due date for payment:
(i) an amount of levy (if any) payable in respect of the person;
(ii) an amount of late payment penalty payable (if any) in relation to the levy;
(iii) an amount of shortfall penalty payable (if any) in relation to the levy.
Note: See section 1298 for the effect of suspension.
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