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Financial Institutions Supervisory Levies Collection Act 1998

No. 53, 1998

Compilation No. 18

Compilation date: 21 February 2025

                Includes amendments: Act No. 14, 2025

About this compilation

This compilation

This is a compilation of the Financial Institutions Supervisory Levies Collection Act 1998 that shows the text of the law as amended and in force on 21 February 2025 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self-repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
1 Short title
2 Commencement
3 Act binds the Crown
4 External Territories
5 Application of Act to Lloyd's
6 Definitions
Part 2—Supervisory levies
7 Definitions
8 Liability to levy
9 When levy due for payment
10 Late payment penalty
11 Payment of levy and late payment penalty
12 Waiver of levy and late payment penalty
13 Recovery of levy and late payment penalty
14 Exempting laws ineffective
15 Regulations may modify this Part if levy Act commences during a financial year
Part 3—Superannuation (financial assistance funding) levy
16 Definitions
17 Fund's accounts to be prima facie evidence of value of its assets
18 Liability to levy
19 When levy due for payment
20 Late payment penalty
21 Payment of levy and late payment penalty
22 Waiver of late payment penalty
23 Recovery of levy and late payment penalty
24 Application of levy, late payment penalty and repayments of financial assistance
25 Exempting laws ineffective
26 Delegation
Part 3A—Financial claims