Commonwealth legislation

Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2007

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

This document sets the annual supervisory fee for authorised non-operating holding companies (NOHCs)—these are companies that own banks or financial institutions but don't run day-to-day businesses themselves.

For the 2007–2008 financial year, each authorised NOHC must pay $10,000 to the government. This money helps fund the Australian Prudential Regulation Authority (APRA) to monitor these companies and ensure they remain financially stable.

The determination replaces the previous year's fee schedule (from 2006) and takes effect on 1 July 2007.

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Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2007

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Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2007

Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998

I, PETER CRAIG DUTTON, 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 27 June 2007

PETER CRAIG DUTTON

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 2006

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 2007.

2 Commencement

This Determination commences on 1 July 2007.

3 Revocation of Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2006

The Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2006 is revoked.

4 Definitions

In this Determination:

2007–2008 financial year means the financial year beginning on 1 July 2007.

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 2007–2008 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 title: Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2007

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Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2007

Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998

Dated 27 June 2007

PETER CRAIG DUTTON

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 2006

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 2007.

2 Commencement

This Determination commences on 1 July 2007.

3 Revocation of Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2006

The Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2006 is revoked.

4 Definitions

In this Determination:

2007–2008 financial year means the financial year beginning on 1 July 2007.

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 2007–2008 financial year is $10 000.

Read the source document