Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2006 (Cth)

Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2006

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

Dated 29 June 2006

PETER CRAIG DUTTON

Minister for Revenue and Assistant Treasurer

Contents

1Name of Determination   2

2Commencement   2

3Revocation of Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2005   2

4Definitions   2

5Commonwealth costs (Act s 50)   2

1. Name of Determination

This Determination is the Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2006.

1. Commencement

This Determination commences on 1 July 2006.

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

The Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2005 is revoked.

1. Definitions

In this Determination:

2006–2007 financial year means the financial year beginning on 1 July 2006.

Act means the Australian Prudential Regulation Authority Act 1998.

levy money has the meaning given by subsection 50 (7) of the Act.

retainable amount has the meaning given by paragraph 50 (1) (b) of the Act.

1. Commonwealth costs (Act s 50)

For paragraph 50 (1) (b) of the Act, the table sets out matters for the

2006–2007 financial year.

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	1 984 000	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	1 328 000	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	1 580 000	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	12 008 000	$8 208 000 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 $3 800 000 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