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Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2019

Authoritative Version
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 for the 2019-2020 financial year.
Administered by: Treasury
Registered 28 Jun 2019
Tabling HistoryDate
Tabled HR02-Jul-2019
Tabled Senate02-Jul-2019
Date of repeal 01 Jul 2020
Repealed by Australian Prudential Regulation Authority Supervisory Levies Determination 2020
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Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2019

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

Dated:  26 June 2019

Simon Birmingham

Acting Treasurer

 

  

  

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 2019.

2  Commencement

                   This determination commences on 1 July 2019.

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 2018 is repealed.

5  Definitions

                   In this determination:

2019‑2020 financial year means the financial year commencing on 1 July 2019.

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 2019‑2020 financial year.

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