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This is a Bill, not an Act. For current law, see the Acts databases.


FINANCIAL INSTITUTIONS SUPERVISORY LEVIES COLLECTION AMENDMENT BILL 2004

2004

The Parliament of the
Commonwealth of Australia

HOUSE OF REPRESENTATIVES




Presented and read a first time









Financial Institutions Supervisory Levies Collection Amendment Bill 2004

No. , 2004

(Treasury)



A Bill for an Act to amend the Financial Institutions Supervisory Levies Collection Act 1998, and for related purposes



Contents


A Bill for an Act to amend the Financial Institutions Supervisory Levies Collection Act 1998, and for related purposes

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the Financial Institutions Supervisory Levies Collection Amendment Act 2004.

2 Commencement

This Act commences on the day on which it receives the Royal Assent.

3 Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Amendment of the Financial Institutions Supervisory Levies Collection Act 1998


1 Section 7 (definition of authorised NOHC)

Repeal the definition, substitute:

authorised NOHC means an authorised NOHC within the meaning of either:

(a) the Banking Act 1959; or

(b) the Insurance Act 1973.

Note: NOHC is short for non-operating holding company.

2 Application

The amendment made by this Schedule applies in relation to levy payable for:

(a) the financial year commencing on 1 July 2005; and

(b) each succeeding financial year.

 


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