Federal Register of Legislation - Australian Government

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Determinations/Other as made
This instrument determines the amount of money collected under the Financial Institutions Supervisory levies to be transferred to APRA’s special account, and the proportion to be returned to the Commonwealth.
Administered by: Treasury
Registered 27 Jun 2014
Tabling HistoryDate
Tabled Senate07-Jul-2014
Tabled HR08-Jul-2014
Date of repeal 01 Jul 2014
Repealed by Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2014
Table of contents.

Description: Commonwealth Coat of Arms

 

 

Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2013 (Revised)

I, Matthias Cormann, Minister for Finance, make the following determination under paragraph 50(1)(a) and subsection 50(1A) of the Australian Prudential Regulation Authority Act 1998.

Dated:  23 June 2014

Minister for Finance

for the Treasurer

 

  

  

  


Contents

1............ Name of determination.................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Repeal............................................................................................................................ 1

5............ Definitions..................................................................................................................... 1

6............ Commonwealth costs.................................................................................................... 1

7............ Proportion of levy money paid to APRA...................................................................... 1

 


1  Name of determination

                   This determination is the Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2013 (Revised).

2  Commencement

                   This determination is taken to commence on 1 July 2013.

3  Authority

                   This determination is made under paragraph 50(1)(a) and subsection 50(1A) of the Australian Prudential Regulation Authority Act 1998.

4  Repeal

                   The Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2013 is repealed.

5  Definitions

                   In this determination:

2013‑2014 financial year means the financial year commencing on 1 July 2013.

Act means the Australian Prudential Regulation Authority Act 1998.

6  Commonwealth costs

                   For paragraph 50(1)(a) of the Act, the amount of levy money payable to the Commonwealth, in respect of levy for the 2013-2014 financial year, is $149 100 000.

 

7  Proportion of levy money paid to APRA

                   For subsection 50(1A) of the Act, the proportion of amounts of levy money paid to APRA for the 2013‑2014 financial year, on behalf of the Commonwealth, that is to be credited to the APRA Special Account on an ongoing basis is 42.4%.