Victorian Numbered Acts Victorian Numbered Acts(1) If a liable person given a staged payment approval fails to comply with any condition of the approval, the whole amount of the levy for which the person is liable under this Part becomes payable on the day after the day on which that failure occurs.
(2) The amount of the levy that is payable under subsection (1) is the amount determined by applying the relevant rates under section 22 for the financial year in which that amount becomes payable.
Notes
1 The failure to pay the levy in accordance with this section is a levy default—see the definition of "levy default" in section 3.
2 Interest is payable on the occurrence of a levy default—see section 83.