Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2010 (Cth)
Australian Prudential Regulation Authority (Commonwealth Costs) Determination 20101
Australian Prudential Regulation Authority Act 1998
I, CHRIS BOWEN, Minister for Financial Services, Superannuation and Corporate Law, make this Determination under paragraph 50 (1) (b) of the Australian Prudential Regulation Authority Act 1998.
Dated 30 June 2010
CHRIS BOWEN
Minister for Financial Services, Superannuation and Corporate Law
Name of Determination
This Determination is the Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2010.
Commencement
This Determination commences on 1 July 2010.
Revocation
The Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2009 is revoked.
Definitions
In this Determination:
2010–2011 financial year means the financial year beginning on 1 July 2010.
Act means the Australian Prudential Regulation Authority Act 1998.
levy money has the meaning given by subsection 50 (6) of the Act.
Commonwealth costs
For paragraph 50 (1) (b) of the Act, the table sets out the amount of levy money payable to the Commonwealth in respect of the relevant class of levy for the 2010–2011 financial year, to cover the costs to the Commonwealth of providing market integrity and consumer protection functions for prudentially regulated institutions.
| Item | Matter | Amount ($) | Purpose of amount |
| 1 | Amount of the levy money payable to the Commonwealth under the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998 | 3 800 000 | 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 | Amount of the levy money payable to the Commonwealth under the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998 | 0 | |
| 3 | Amount of the levy money payable to the Commonwealth under the First Home Saver Account Providers Supervisory Levy Imposition Act 2008 | 0 | |
| 4 | Amount of the levy money payable to the Commonwealth under the General Insurance Supervisory Levy Imposition Act 1998 | 3 300 000 | 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 |
| 5 | Amount of the levy money payable to the Commonwealth under the Life Insurance Supervisory Levy Imposition Act 1998 | 2 300 000 | 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 |
| 6 | Amount of the levy money payable to the Commonwealth under the Retirement Savings Account Providers Supervisory Levy Imposition Act 1998 | 0 | |
| 7 | Amount of the levy money payable to the Commonwealth under the Superannuation Supervisory Levy Imposition Act 1998 | 16 700 000 | $9 900 000 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 $6 800 000 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 |
Note
1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See
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