Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2018

Dated:  29 June 2018

Scott Morrison

Contents

1............ Name of determination.................................................................................................. 2

2............ Commencement............................................................................................................. 2

3............ Authority....................................................................................................................... 2

4............ Repeal............................................................................................................................ 2

5............ Definitions..................................................................................................................... 2

6............ Amount of levy............................................................................................................. 2

1  Name of determination

                   This determination is the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2018.

2  Commencement

                   This determination commences on 1 July 2018.

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                   The Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2017 is repealed.

5  Definitions

                   In this determination:

2018‑2019 financial year means the financial year commencing on 1 July 2018.

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

Note:          Terms used in this determination have the same meaning as in the Act – see section 13 of the Legislation Act 2003.

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 $45 000 for the 2018‑2019 financial year.

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