Document ID: chunk:federal_register_of_legislation:C2008A00103:section:5
Version: federal_register_of_legislation:C2008A00103
Segment Type: section
Provision Reference: s 5
Character Range: 4300–4953

5  Amount of levy

 (1) The amount of levy is the amount worked out in accordance with the regulations.

 (2) However, the amount of levy on an ADI's liabilities to its depositors cannot be more than 0.5% of the amount, worked out in accordance with the regulations, of those liabilities.

 (3) The regulations may prescribe:
 (a) different ways of working out for the purposes of subsection (1) the amount of levy on liabilities of ADIs in different classes prescribed by the regulations; and
 (b) different ways of working out for the purposes of subsection (2) the amounts of liabilities of ADIs in different classes prescribed by the regulations.