Payment to the CSLR operator of amounts equal to levy
(1) The Commonwealth must pay to the CSLR operator an amount equal to each amount received by ASIC, on behalf of the Commonwealth, by way of: (a) an instalment of levy (within the meaning of the Financial Services Compensation Scheme of Last Resort Levy (Collection) Act 2023); or (b) late payment penalty (within the meaning of that Act); or (c) shortfall penalty (within the meaning of that Act). (2) The Consolidated Revenue Fund is appropriated for the purposes of subsection (1).
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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