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  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 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  The Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2018 is repealed.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.