Commonwealth Numbered Regulations

FINANCIAL SERVICES COMPENSATION SCHEME OF LAST RESORT LEVY REGULATIONS 2023 (F2023L00989) - REG 15

                   For the purposes of subsection 15(1) of the Act, the amount of levy imposed by section 9 of the Act on a person:

                     (a)  for a levy period; and

                     (b)  because the following have come into force for the levy period:

                              (i)  a revised claims, fees and costs estimate for a sub-sector (the primary sub-sector );

                             (ii)  a determination under section 1069H of the Corporations Act 2001 (the Ministerial determination ) for the primary sub-sector; and

                     (c)  because, at any time during the levy period or the previous levy period, the person is a member of a sub-sector (the leviable sub-sector ) specified, under paragraph 1069H(5)(b) of that Act, in the Ministerial determination;

is the amount worked out under section 16 or 17 of this instrument.