Commonwealth Consolidated Acts

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FINANCIAL INSTITUTIONS SUPERVISORY LEVIES COLLECTION ACT 1998 - SECT 14

Exempting laws ineffective

             (1)  Nothing in a law passed before the commencement of this section exempts a levy paying entity from liability to pay levy.

             (2)  If a law (including a provision of a law) passed after the commencement of this section purports to exempt a levy paying entity from:

                     (a)  liability to pay taxes under laws of the Commonwealth; or

                     (b)  liability to pay certain taxes under laws of the Commonwealth that would otherwise include levy;

the law does not operate to exempt the levy paying entity from liability to pay levy unless the exemption expressly refers to levy under this Act.



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