Federal Register of Legislation - Australian Government

Primary content

Determinations/Other as made
This determination relates to a levy imposed by the Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998 on authorised non operating holding companies (NOHC) in the general insurance and authorised deposit taking institution sectors.
Administered by: Treasury
Registered 04 Jul 2016
Tabling HistoryDate
Tabled HR30-Aug-2016
Tabled Senate30-Aug-2016
Date of repeal 01 Jul 2017
Repealed by Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2017
Table of contents.

Commonwealth Coat of Arms

 

 

Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2016

I, Scott Morrison, Treasurer, make the following determination under subsection 7(1) of the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.

Dated:  28 June 2016

Scott Morrison

Treasurer

 

  

  


Contents

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

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

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

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

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

6............ Amount of levy............................................................................................................. 1

 


1  Name of determination

                   This determination is the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2016.

2  Commencement

                   This determination commences on 1 July 2016.

3  Authority

                   This determination is made under subsection 7(1) of the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.

4  Repeal

                   The Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2015 is repealed.

5  Definitions

                   In this determination:

2016‑2017 financial year means the financial year commencing on 1 July 2016.

Act means the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.

6  Amount of levy

                   For paragraphs 7(1)(a), (b) and (c) of the Act, the amount of levy payable by an authorised NOHC described in those paragraphs is $10 000 for the 2016‑2017 financial year.

Note:          Authorised NOHC is defined in section 5 of the Act.