Document ID: chunk:federal_register_of_legislation:C2025C00149:section:8
Version: federal_register_of_legislation:C2025C00149
Segment Type: section
Provision Reference: s 8
Character Range: 8213–10749

8  Liability to levy

ADIs
 (1) A body corporate that is an ADI at any time during a financial year that ends after the commencement of the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998 is liable to pay a levy in respect of that financial year.

Authorised NOHCs
 (2) A body corporate that is an authorised NOHC at any time during a financial year that ends on or after the commencement of the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998 is liable to pay a levy in respect of that financial year.

General insurance bodies corporate
 (3) A body corporate that is a general insurance company at any time during a financial year that ends after the commencement of the General Insurance Supervisory Levy Imposition Act 1998 is liable to pay a levy in respect of that financial year.

Life Insurance companies
 (4) A body corporate that is a life insurance company at any time during a financial year that ends after the commencement of the Life Insurance Supervisory Levy Imposition Act 1998 is liable to pay a levy imposed in respect of that financial year.

Private health insurers: 2015‑16 financial year
 (4A) A body corporate that is a private health insurer on the liability day in a quarter in the financial year starting on 1 July 2015 is liable to pay a levy in respect of that quarter. However, this subsection does not apply to a quarter if the liability day for the quarter is before the commencement of this subsection.
 (4B) In subsection (4A):
liability day in a quarter means the 28th day of the second month of the quarter.
quarter means a period of 3 months starting on 1 July, 1 October, 1 January or 1 April.

Private health insurers: 2016‑17 financial year and later financial years
 (4C) A body corporate that is a private health insurer at any time during the financial year starting on 1 July 2016 or a later financial year is liable to pay a levy in respect of that financial year.

RSA providers
 (5) A body corporate that is an RSA provider at any time during a financial year that ends after the commencement of the Retirement Savings Account Providers Supervisory Levy Imposition Act 1998 is liable to pay a levy imposed in respect of that financial year.

Superannuation entities
 (6) A trustee of a superannuation entity that is a superannuation entity at any time during a financial year that ends after the commencement of the Superannuation Supervisory Levy Imposition Act 1998 is liable to pay a levy in respect of that financial year.