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Corporations (National Guarantee Fund Levies) Amendment Bill 2007

Schedule 1 Amendment

   

Corporations (National Guarantee Fund Levies) Act 2001

1  At the end of section 5

Add:

             (4)  A determination referred to in subsection 889J(1) of the Corporations Act 2001 must not specify an amount of levy, or a method for determining the amount of levy, that results in the total amount in levies that becomes payable to the SEGC in a financial year exceeding the minimum amount in relation to the NGF in force at the time the determination is made.