Financial Services Compensation Scheme of Last Resort Levy Regulations 2023
15Amount of special levy—total levy exceeds the sub‑sector levy cap
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15 Amount of special levy—total levy exceeds the sub‑sector levy cap
For the purposes of subsection 15(1) of the Act, the amount of levy imposed by section 9 of the Act on a person: (a) for a levy period; and (b) because the following have come into force for the levy period: (i) a revised claims, fees and costs estimate for a sub‑sector (the primary sub‑sector); (ii) a determination under section 1069H of the Corporations Act 2001 (the Ministerial determination) for the primary sub‑sector; and (c) because, at any time during the levy period or the previous levy period, the person is a member of a sub‑sector (the leviable sub‑sector) specified, under paragraph 1069H(5)(b) of that Act, in the Ministerial determination; is the amount worked out under section 16 or 17 of this instrument.