Document ID: chunk:federal_register_of_legislation:F2024L00813:reg:7
Version: federal_register_of_legislation:F2024L00813
Segment Type: reg
Provision Reference: reg 7
Character Range: 7644–9653

7     Levy imposed by the Retirement Savings Account Providers Supervisory Levy Imposition Act 1998        Nil

2-3  Proportion of levy money paid to APRA
  For the purposes of subsection 50(1A) of the Act, the proportion of amounts of levy money paid to APRA for the current financial year, on behalf of the Commonwealth, that is to be credited to the APRA Special Account on an ongoing basis, is specified as 83.7%.

Part 3—Authorised deposit‑taking institutions supervisory levy

3-1  Definitions
  In this Part:
provider of purchased payment facilities means an ADI that:
 (a) engages in the provision of one or more purchased payment facilities, in relation to at least one of which APRA has determined as mentioned in section 6 of the Banking Regulation 2016; and
 (b) does not otherwise carry on banking business within the meaning of section 5 of the Banking Act 1959.
purchased payment facility has the meaning given by section 7 of the Payment Systems (Regulation) Act 1998.
the Act means the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998.
Note: Expressions used in this Part have the same meaning as in the Act—see subsection 1‑5(1) of this instrument.
valuation day, in relation to an ADI, means:
 (a) for an ADI that is an ADI at all times during the period from 17 March of the previous financial year to the following 30 June—31 March in the previous financial year; and
 (b) for an ADI that was not an ADI at all times during the period from 17 March of the previous financial year to the following 30 June—the day after 17 March in the previous financial year, on which the ADI became an ADI.

3-2  Amount of levy
  For the purposes of paragraphs 7(3)(a), (b), (c) and (ca) of the Act, the following table sets out matters for the current financial year.

Amount of levy
Item            Class of ADI                              Maximum restricted levy amount ($)  Minimum restricted levy amount ($)  Restricted levy percentage  Unrestricted levy percentage