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FINANCIAL SERVICES COMPENSATION SCHEME OF LAST RESORT LEVY REGULATIONS
2023
- made under the Financial Services Compensation Scheme of Last Resort Levy Act 2023
TABLE OF PROVISIONS
PART 1--PRELIMINARY
1. Name
3. Authority
4. Definitions
5. Rules about amounts
PART 2--MATTERS--RELATING TO IMPOSITION OF LEVY
6. Sub - sectors subject to annual levy
7. General conditions for imposition of annual levy
8. General conditions for imposition of special levy
PART 3--AMOUNT--OF LEVY PAYABLE
Division 1--Amount of annual levy for members of a sub-sector
9. Amount of annual levy
10. Levy component for persons who are deregistered or who cease to be a member of a sub - sector
11. Graduated levy component
12. Entity metric
Division 2--Amount of further levy across members of the sub-sector
13. Amount of further levy--total levy does not exceed the sub - sector levy cap
14. Amount of special levy--total levy exceeds the sub - sector levy cap
Division 3--Amount of special levy across several sub-sectors
15. Amount of special levy--total levy exceeds the sub - sector levy cap
16. Amount of special levy--basic levy component applies to the leviable sub - sector
17. Amount of special levy--basic levy component does not apply to the leviable sub - sector
Division 4--Amount of levy for unpaid claims, and AFCA's unpaid fees, for complaints given to AFCA before the accumulation recovery day
18. Amount of levy
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