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Financial Institutions Supervisory Levies Collection Act 1998
In force
Administered by
Department of the Treasury
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C2025C00149 (C18)
21 February 2025
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Part 1—Preliminary
1 Short title
2 Commencement
3 Act binds the Crown
4 External Territories
5 Application of Act to Lloyd’s
6 Definitions
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Part 2—Supervisory levies
7 Definitions
8 Liability to levy
9 When levy due for payment
10 Late payment penalty
11 Payment of levy and late payment penalty
12 Waiver of levy and late payment penalty
13 Recovery of levy and late payment penalty
14 Exempting laws ineffective
15 Regulations may modify this Part if levy Act commences during a financial year
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Part 3—Superannuation (financial assistance funding) levy
16 Definitions
17 Fund’s accounts to be prima facie evidence of value of its assets
18 Liability to levy
19 When levy due for payment
20 Late payment penalty
21 Payment of levy and late payment penalty
22 Waiver of late payment penalty
23 Recovery of levy and late payment penalty
24 Application of levy, late payment penalty and repayments of financial assistance
25 Exempting laws ineffective
26 Delegation
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Part 3A—Financial claims scheme levies
26A Definitions
26B Liability to levy
26C When levy due for payment
26D Late payment penalty
26E Payment of levy and late payment penalty
26F Waiver of levy and late payment penalty
26G Recovery of levy and late payment penalty
26H Exempting laws ineffective
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Part 3B—Private health insurance collapsed insurer levy
26J Definitions
26K Liability to levy
26L When levy due for payment
26M Late payment penalty
26N Payment of levy and late payment penalty
26P Waiver of levy and late payment penalty
26Q Recovery of levy and late payment penalty
26R Exempting laws ineffective
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Part 4—Miscellaneous
27 Review of certain decisions
28 Statements to accompany notification of decisions
29 Regulations
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Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history