Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2016

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

Dated: 28 June 2016

Scott Morrison

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 2016.

2  Commencement

  This determination commences on 1 July 2016.

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  The Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2015 is repealed.

5  Definitions

  In this determination:

2016‑2017 financial year means the financial year commencing on 1 July 2016.

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 2016‑2017 financial year.

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