Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2014 (Cth)

Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2014

I, Mathias Cormann, Minister for Finance, make the following determination under subsection 7(1) of the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.

Dated:  25 June 2014

Mathias Cormann

Minister for Finance

for the Treasurer

Contents

1............ Name of determination.................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Repeal............................................................................................................................ 1

5............ Definitions..................................................................................................................... 1

6............ Amount of levy............................................................................................................. 1

1  Name of determination

This determination is the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2014.

2  Commencement

This determination commences on 1 July 2014.

3  Authority

This determination is made under subsection 7(1) of the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.

4  Repeal

The Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2013 is repealed.

5  Definitions

In this determination:

2014‑2015 financial year means the financial year commencing on 1 July 2014.

Act means the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.

6  Amount of levy

For paragraphs 7(1)(a), (b) and (c) of the Act, the amount of levy payable by an authorised NOHC described in those paragraphs is $10 000 for the 2014‑2015 financial year.

Note:          Authorised NOHC is defined in section 5 of the Act.