Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2016 (Cth)

Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2016

I, Scott Morrison, Treasurer, make the following determination under subsection 7(1) of the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998.

Dated:  28 June 2016

Scott Morrison

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 2016.

2  Commencement

This determination commences on 1 July 2016.

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The Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2015 is repealed.

5  Definitions

In this determination:

2016‑2017 financial year means the financial year commencing on 1 July 2016.

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 2016‑2017 financial year.

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