Australian Prudential Regulation Authority (Commonwealth Costs) Amendment Determination 2005 (No. 1) (Cth)

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Australian Prudential Regulation Authority (Commonwealth Costs) Amendment Determination 2005 (No. 1)

I, MAL BROUGH, Minister for Revenue and Assistant Treasurer, make this Determination under paragraph 50 (1) (b) of the Australian Prudential Regulation Authority Act 1998.

Dated 25 July 2005

MAL BROUGH

Minister for Revenue and Assistant Treasurer


  1. Name of Determination

This Determination is the Australian Prudential Regulation Authority (Commonwealth Costs) Amendment Determination 2005 (No. 1).

  1. Commencement

This Determination is taken to have commenced on 1 July 2005.

  1. Amendment of Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2005

Schedule 1 amends the Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2005.


Schedule 1        Amendment

(section 3)

[1]           Section 5, table

substitute

Item

Matter

Amount
($)

Purpose of amount

1 Retainable amount of the levy money payable to the Commonwealth under the Authorised Deposit-taking Institutions Supervisory Levy Imposition Act 1998 2 210 000 The Australian Securities and Investments Commission, in so far as it provides, on behalf of the Commonwealth, market integrity and consumer protection functions for prudentially regulated institutions
2 Retainable amount of the levy money payable to the Commonwealth under the Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998 0
3 Retainable amount of the levy money payable to the Commonwealth under the General Insurance Supervisory Levy Imposition Act 1998 1 480 000 The Australian Securities and Investments Commission, in so far as it provides, on behalf of the Commonwealth, market integrity and consumer protection functions for prudentially regulated institutions
4 Retainable amount of the levy money payable to the Commonwealth under the Life Insurance Supervisory Levy Imposition Act 1998 1 760 000 The Australian Securities and Investments Commission, in so far as it provides, on behalf of the Commonwealth, market integrity and consumer protection functions for prudentially regulated institutions
5 Retainable amount of the levy money payable to the Commonwealth under the Retirement Savings Account Providers Supervisory Levy Imposition Act 1998 0
6 Retainable amount of the levy money payable to the Commonwealth under the Superannuation Supervisory Levy Imposition Act 1998 12 089 000

$9 144 000 of the amount is for the Australian Securities and Investments Commission, in so far as it provides, on behalf of the Commonwealth, market integrity and consumer protection functions for prudentially regulated institutions

$2 945 000 of the amount is for the Australian Taxation Office, in so far as it provides, on behalf of the Commonwealth, market integrity and consumer protection functions for prudentially regulated institutions


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