Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2014

I, Mathias Cormann, Minister for Finance, make the following determination under subsection 7(1) of the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.

Dated:  25 June 2014

Mathias Cormann

Minister for Finance

for the Treasurer

Contents

1 Name of determination

2 Commencement

3 Authority

4 Repeal

5 Definitions

6 Amount of levy

1  Name of determination

  This determination is the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2014.

2  Commencement

  This determination commences on 1 July 2014.

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  The Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2013 is repealed.

5  Definitions

  In this determination:

2014‑2015 financial year means the financial year commencing on 1 July 2014.

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 2014‑2015 financial year.

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