Authorised Non‑operating Holding Companies Supervisory Levy Determination Validation Act 2000

No. 14, 2000

An Act to validate a determination made under the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998

Authorised Non-operating Holding Companies Supervisory Levy Determination Validation Act 2000

No. 14, 2000

An Act to validate a determination made under the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998

[Assented to 31 March 2000]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the Authorised Non‑operating Holding Companies Supervisory Levy Determination Validation Act 2000.

2 Commencement

This Act commences on the commencement of Part 1 of Schedule 12 to the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 2000.

3 Definition

In this Act:

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

4 Validity of determination

(1) This section applies to a determination that was purportedly made under subsection 7(1) of the Imposition Act on 11 August 1998, and was notified in the Gazette on 13 August 1998.

(2) The determination is taken, despite subsection 48(2) of the Acts Interpretation Act 1901:

(a) to have been made under subsection 7(1) of the Imposition Act; and

(b) to have been effective on and at all times after 1 July 1998.

(3) Despite paragraph (2)(b), the determination may be repealed, rescinded, revoked, amended or varied in accordance with subsection 33(3) of the Acts Interpretation Act 1901.

[Minister’s second reading speech made in—

House of Representatives on 30 June 1999

Senate on 29 September 1999]

(144/99)