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Wednesday, 13 May 2020
Page: 3251

Mr SUKKAR (DeakinAssistant Treasurer and Minister for Housing ) (11:35): I move:

That this bill be now read a second time.

The Authorised Deposit-taking Institutions Supervisory Levy Imposition Amendment Bill 2020 complements the Australian Prudential Regulation Authority Amendment (APRA Industry Funding) Bill 2020 by ensuring the Treasurer has adequate flexibility to set the levies at a level required for authorised deposit-taking institutions to pay their appropriate amount.

Full details of the bill are contained in the explanatory memorandum.

Debate adjourned.