Pt 9.2 heading substituted by No 11 of 2016, s 3, Sch 2 (effective 1 March 2017).
1291 IMMEDIATE SUSPENSION OR CANCELLATION
(a) the person is liable to pay levy imposed by the ASIC Supervisory Cost Recovery Levy Act 2017; and
(b) the following have not been paid in full at least 12 months after the due date for payment:
(i) an amount of levy (if any) payable in respect of the person;
(ii) an amount of late payment penalty payable (if any) in relation to the levy;
(iii) an amount of shortfall penalty payable (if any) in relation to the levy.
Note: See section 1298 for the effect of suspension.
S 1291 inserted by No 45 of 2017, s 3, Sch 1 (effective 1 July 2017).