{"id":"F2016L01158","name":"Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2016","slug":"authorised-non-operating-holding-companies-supervisory-levy-imposition-determination-2016","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438876,"registerId":"F2016L01158-fast-fetch-1775955119914","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2016","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-keywords: \"[SEC=UNCLASSIFIED]\"\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![Commonwealth Coat of Arms](image.001.png)\n\n \n\n \n\nAuthorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2016\n\nI, Scott Morrison, Treasurer, make the following determination under subsection 7(1) of the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.\n\nDated: 28 June 2016\n\nScott Morrison\n\nTreasurer\n\n \n\n \n\n \n\nContents\n\n1 Name of determination\n\n2 Commencement\n\n3 Authority\n\n4 Repeal\n\n5 Definitions\n\n6 Amount of levy\n\n \n\n1  Name of determination\n\n  This determination is the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2016.\n\n2  Commencement\n\n  This determination commences on 1 July 2016.\n\n3  Authority\n\n  This determination is made under subsection 7(1) of the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.\n\n4  Repeal\n\n  The Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2015 is repealed.\n\n5  Definitions\n\n  In this determination:\n\n2016‑2017 financial year means the financial year commencing on 1 July 2016.\n\nAct means the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.\n\n6  Amount of levy\n\n  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.\n\nNote: Authorised NOHC is defined in section 5 of the Act.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2722},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This annual determination performs the specific, limited function contemplated by the parent Act: setting the dollar amount of the levy for the relevant financial year. It has not expanded beyond its original purpose."},"complexity_factors":["Single operative provision (section 6) setting a flat dollar amount ($10,000)","Only 2 defined terms in the interpretation section","No conditional logic, tiered calculations, or exceptions","Straightforward repeal of the previous annual determination without structural changes"],"plain_english_summary":"This determination sets the **annual supervisory levy** that certain financial holding companies must pay to fund government oversight.\n\n**Who it affects**\nThis applies to **Authorised Non‑operating Holding Companies (NOHCs)**. These are companies that sit at the top of banking or insurance groups (owning subsidiaries that do the actual banking/insurance work) but don’t trade or carry on business themselves. They must be authorised by the Australian Prudential Regulation Authority (APRA).\n\n**What it does**\nIt fixes the levy at **$10,000** for the 2016‑2017 financial year. This is a flat fee — every affected company pays the same amount, regardless of the size of their group.\n\n**Why it matters**\nThe levy helps fund APRA’s supervision of these holding companies to ensure the stability of Australia’s financial system. The amount is reviewed and updated annually via these determinations (this one replaces the previous year’s version)."}},"importantCases":[],"_links":{"self":"/api/acts/authorised-non-operating-holding-companies-supervisory-levy-imposition-determination-2016","history":"/api/acts/authorised-non-operating-holding-companies-supervisory-levy-imposition-determination-2016/history","analysis":"/api/acts/authorised-non-operating-holding-companies-supervisory-levy-imposition-determination-2016/analysis","conflicts":"/api/acts/authorised-non-operating-holding-companies-supervisory-levy-imposition-determination-2016/conflicts","importantCases":"/api/acts/authorised-non-operating-holding-companies-supervisory-levy-imposition-determination-2016/important-cases","documents":"/api/acts/authorised-non-operating-holding-companies-supervisory-levy-imposition-determination-2016/documents"}}