Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Levy payable by a leviable body (other than a superannuation entity) for a financial year under section 8 is due and payable on:
(a) if the levy imposition day relating to the levy payable by the leviable body is 1 July of the financial year--a business day that is:
(i) specified in a notice given to the leviable body by APRA in relation to the financial year; and
(ii) is not earlier than 28 days after the day on which the notice is given; or
(b) if the levy imposition day relating to the levy payable by the leviable body is a day of that financial year after 1 July--by:
(i) the day that is 6 weeks after the day on which the leviable body becomes that type of leviable body; or
(ii) if the day applicable under subparagraph (i) is not a business day, the first business day following that day.
(2) Levy payable under subsection 8(6) for a financial year by a trustee of a superannuation entity is due and payable:
(a) if the entity is a superannuation entity on 1 July of the financial year and became a superannuation entity before that day--on a business day that:
(i) is specified in a notice given by APRA to the Treasurer on or after the day on which an annual return that is a reporting document under section 13 of the Financial Sector (Collection of Data) Act 2001 and that relates to the previous financial year was received by APRA; and
(ii) is not earlier than 6 weeks after the day on which the notice is given; or
(b) if the entity becomes a superannuation entity on or after 1 July of the financial year--on a business day that:
(i) is specified in a notice given by APRA to the trustee; and
(ii) is not earlier than 6 weeks after the day on which the notice is given.
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