7Definitions

7 Definitions

In this Part, unless the contrary intention appears:

ADI has the same meaning as in the Banking Act 1959.

Note: ADI is short for authorised deposit‑taking institution.

authorised NOHC means:

(a) an authorised NOHC within the meaning of either:

(i) the Banking Act 1959; or

(ii) the Insurance Act 1973; or

(b) a registered NOHC within the meaning of the Life Insurance Act 1995.

Note: NOHC is short for non‑operating holding company.

business day means a day that is not a Saturday, a Sunday, a public holiday or a bank holiday in the place concerned.

general insurance company means a body corporate that is authorised under the Insurance Act 1973 to carry on insurance business within the meaning of that Act.

late payment penalty means penalty payable under section 10.

leviable body means any of the following types of bodies:

(a) an ADI;

(b) an authorised NOHC;

(c) a life insurance company;

(d) a general insurance company;

(da) a private health insurer;

(e) an RSA provider;

(f) a superannuation entity.

levy means:

(a) in respect of a leviable body that is an ADI—levy imposed by the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998; or

(b) in respect of a leviable body that is an authorised NOHC—levy imposed by the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998; or

(c) in respect of a leviable body that is a life insurance company—levy imposed by the Life Insurance Supervisory Levy Imposition Act 1998; or

(d) in respect of a leviable body that is a general insurance company—levy imposed by the General Insurance Supervisory Levy Imposition Act 1998; or

(da) in respect of a leviable body that is a private health insurer—levy imposed by the Private Health Insurance Supervisory Levy Imposition Act 2015; or

(e) in respect of a leviable body that is an RSA provider—levy imposed by the Retirement Savings Account Providers Supervisory Levy Imposition Act 1998; or

(f) in respect of a leviable body that is a superannuation entity—levy imposed by the Superannuation Supervisory Levy Imposition Act 1998.

levy imposition day, in relation to the imposition of a levy in respect of a leviable body of a particular type for a financial year, means:

(a) if the leviable body is that type of leviable body on 1 July of the financial year—that day; or

(b) if the leviable body becomes that type of leviable body on a day during the financial year that is after 1 July of the financial year—the day, during the financial year, on which the leviable body becomes that type of leviable body.