ASIC Supervisory Cost Recovery Levy (Consequential Amendments) Act 2017 (45 of 2017)
Schedule 1 Amendments
Corporations Act 2001
3 After subsection 601AB(1A)
Insert:
(1B) ASIC may also decide to deregister a company if:
(a) the company is liable to pay levy imposed by the ASIC Supervisory Cost Recovery Levy Act 2017; and
(b) the company has not paid in full at least 12 months after the due date for payment:
(i) the amount of the levy; and
(ii) the amount of any late payment penalty payable in relation to the levy; and
(iii) the amount of any shortfall penalty payable in relation to the levy.
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