CTHRepealedLegislation
Australian Prudential Regulation Authority Supervisory Levies Determination 2021
6‑1 Definitions6‑1 Definitions
Start here
Get a plain-English read of 6‑1 Definitions
Turn the raw legal text into a practical explanation grounded in Australian Prudential Regulation Authority Supervisory Levies Determination 2021.
6‑1 Definitions
In this Part:
the Act means the Life Insurance Supervisory Levy Imposition Act 1998.
Note: Terms used in this Part have the same meaning as in the Act—see subsection 1‑5(1) of this instrument.
valuation day, in relation to a life insurance company, means:
(a) for a life insurance company that is a life insurance company throughout the period from 17 March of the previous financial year to and including the following 30 June—31 March of the previous financial year; and
(b) for a life insurance company that was not a life insurance company at all times from and including 17 March of the previous financial year to and including the following 30 June—the day after 17 March of the previous financial year, when the life insurance company became, or becomes, a life insurance company.