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Financial Institutions Supervisory Levies Collection Amendment Bill 2005
Schedule 1 Amendment of the Financial Institutions Supervisory Levies Collection Act 1998


1  Section 7 (definition of authorised NOHC )

Repeal the definition, substitute:

authorised NOHC means an authorised NOHC within the meaning of either:

                     (a)  the Banking Act 1959 ; or

                     (b)  the Insurance Act 1973 .

Note:          NOHC is short for non-operating holding company.

2  Application

The amendment made by this Schedule applies in relation to levy payable for:

                     (a)  the financial year commencing on 1 July 2005; and

                     (b)  each succeeding financial year.




[ Minister’s second reading speech made in—

House of Representatives on 9 December 2004

Senate on 9 February 2005 ]