Commonwealth legislation

Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2005

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

What this does: This sets the annual fee (called a "levy") that certain financial companies—specifically "authorised non-operating holding companies" (NOHCs)—must pay to the Australian Government for the 2005–2006 financial year.

Who it affects: NOHCs are companies that own banking or insurance subsidiaries but don't themselves conduct banking or insurance business. They pay this levy to help fund government supervision of their financial group.

Key details:

The levy is $10,000 per company for the financial year starting 1 July 2005
This replaces the 2004 determination (which set the previous year's amount)

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Current sections

Direct links to the current provisions in Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2005.

Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2005

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Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2005

I, MAL BROUGH, Minister for Revenue and Assistant Treasurer, make this Determination under subsection 7 (1) of the Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998.

Dated 23 June 2005

MAL BROUGH

Minister for Revenue and Assistant Treasurer

Contents

1 Name of Determination

2 Commencement

3 Revocation of Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2004

4 Definitions

5 Amount of levy (Act s 7)

1 Name of Determination

This Determination is the Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2005.

2 Commencement

This Determination commences on 1 July 2005.

3 Revocation of Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2004

The Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2004 is revoked.

4 Definitions

In this Determination:

2005–2006 financial year means the financial year beginning on 1 July 2005.

Act means the Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998.

Note authorised NOHC is defined in section 5 of the Act.

5 Amount of levy (Act s 7)

For subsection 7 (1) of the Act, the amount of levy payable by an authorised NOHC for the 2005–2006 financial year is $10 000.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8

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Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2005

I, MAL BROUGH, Minister for Revenue and Assistant Treasurer, make this Determination under subsection 7 (1) of the Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998.

Dated 23 June 2005

MAL BROUGH

Minister for Revenue and Assistant Treasurer

Contents

1 Name of Determination

2 Commencement

3 Revocation of Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2004

4 Definitions

5 Amount of levy (Act s 7)

1 Name of Determination

This Determination is the Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2005.

2 Commencement

This Determination commences on 1 July 2005.

3 Revocation of Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2004

The Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2004 is revoked.

4 Definitions

In this Determination:

2005–2006 financial year means the financial year beginning on 1 July 2005.

Act means the Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998.

Note authorised NOHC is defined in section 5 of the Act.

5 Amount of levy (Act s 7)

For subsection 7 (1) of the Act, the amount of levy payable by an authorised NOHC for the 2005–2006 financial year is $10 000.

Read the source document