This Digest was prepared for debate and should not be taken as a complete guide to the legislation which may reflect amendments.
General Insuranc:e Supervisory Levy Amendment Bill
1991
Date Introduced: 6 June 1991 Hous3: House of Representatks Portfolio: Treasury
Purpose To increase the supervisory levy payable by general insurance companies.
Background Refer to the Digest for the Life Insurance Supervisory Levy Amendment Bill 1991.
Main Provisions Clause 3 will amend section 6 of the Life insurance Supervisory Levy Act 1989 to increase the maximum levy for 1991-92 to $15’ COO. Under section 6, the levy for later years will be this amount indexed for movements in the CPI.
Bills Dii secvice
ParliamecltaryResearchService 13AuglJs&1991
For funther information, if required, contact the Economics and Commerce Group on 06 2772460.
This Dilgest does not have any official legal status. Other sources should be consulted to determine the subsequent official status of the Bill.
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Published by the Department of the Parliamentary Library, 1991.
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