Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

FINANCIAL INSTITUTIONS SUPERVISORY LEVIES COLLECTION ACT 1998 - SECT 25

Exempting laws ineffective

             (1)  Nothing in a law passed before the commencement of this section exempts a trustee of a fund 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 trustee of a fund 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 trustee from liability to pay levy unless the exemption expressly refers to levy under this Act.



[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]