Australian Capital Territory Consolidated Acts

BUILDING AND CONSTRUCTION INDUSTRY TRAINING LEVY ACT 1999 - SECT 22

    (1)     This section applies if training levy has been paid for work other than building work and, in the opinion of the authority or the project owner, the value of the work—

        (a)     at the completion of the work; or

        (b)     if the work is abandoned before completion—when the work is abandoned;

differs from the value on which the training levy was based.

    (2)     The authority or the project owner may tell the other in writing that the amount of the training levy should be recalculated on the basis of the value of the work at its completion or abandonment.

Note     For how documents may be given, see the Legislation Act, pt 19.5.

    (3)     If a notice under subsection (2) is given, the value of the work at its completion or abandonment must be assessed in accordance with section 19.

    (4)     If the amount of training levy paid is smaller than the amount that would have been payable if the levy had been calculated on the value of the work ascertained under this section, the project owner must pay to the authority an amount equal to the difference.

    (5)     If the amount of training levy paid is greater than the amount that would have been payable if the levy had been calculated on the value of the work ascertained under this section, the authority must pay to the project owner an amount equal to the difference.

    (6)     An amount payable under subsection (4) or (5) is payable within 1 month of the ascertainment of the value of the work under subsection (3).