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Financial Services Compensation Scheme of Last Resort Levy Regulations 2023
In force
Administered by
Department of the Treasury
This item is authorised by the following title:
Financial Services Compensation Scheme of Last Resort Levy Act 2023
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F2023L00989
07 July 2023
-
31 October 2023
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Part 1—Preliminary
1 Name
2 Commencement
3 Authority
4 Definitions
5 Rules about amounts
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Part 2—Matters relating to imposition of levy
6 Sub sectors subject to annual levy
7 General conditions for imposition of annual levy
8 General conditions for imposition of special levy
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Part 3—Amount of levy payable
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Division 1—Amount of annual levy for members of a sub sector
9 Amount of annual levy
10 Levy component for persons who are deregistered or who cease to be a member of a sub sector
11 Graduated levy component
12 Entity metric
Division 2—Amount of further levy across members of the sub sector
13 Amount of further levy—total levy does not exceed the sub sector levy cap
14 Amount of special levy—total levy exceeds the sub sector levy cap
Division 3—Amount of special levy across several sub sectors
15 Amount of special levy—total levy exceeds the sub sector levy cap
16 Amount of special levy—basic levy component applies to the leviable sub sector
17 Amount of special levy—basic levy component does not apply to the leviable sub sector
Division 4—Amount of levy for unpaid claims, and AFCA’s unpaid fees, for complaints given to AFCA before the accumulation recovery day
18 Amount of levy