Authorised Non-operating Holding Companies Supervisory Levy Imposition Determination 2018 (Cth)

Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2018

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:  29 June 2018

Scott Morrison

Treasurer

Contents

1............ Name of determination.................................................................................................. 2

2............ Commencement............................................................................................................. 2

3............ Authority....................................................................................................................... 2

4............ Repeal............................................................................................................................ 2

5............ Definitions..................................................................................................................... 2

6............ Amount of levy............................................................................................................. 2

1  Name of determination

This determination is the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2018.

2  Commencement

This determination commences on 1 July 2018.

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The Authorised Non‑operating Holding Companies Supervisory Levy Imposition Determination 2017 is repealed.

5  Definitions

In this determination:

2018‑2019 financial year means the financial year commencing on 1 July 2018.

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

Note: Terms used in this determination have the same meaning as in the Act – see section 13 of the Legislation Act 2003.

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 $45 000 for the 2018‑2019 financial year.

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