Document ID: chunk:federal_register_of_legislation:F2023C01016:front:0:p1
Version: federal_register_of_legislation:F2023C01016
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Character Range: 0–2898

Financial Services Compensation Scheme of Last Resort Levy Regulations 2023
made under the

Financial Services Compensation Scheme of Last Resort Levy Act 2023

Compilation No. 1

Compilation date: 1 November 2023

Includes amendments up to: F2023L01458

Registered: 22 November 2023

About this compilation

This compilation

This is a compilation of the Financial Services Compensation Scheme of Last Resort Levy Regulations 2023 that shows the text of the law as amended and in force on 1 November 2023 (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If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.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 Name
3 Authority
4 Definitions
5 Rules about amounts
Part 2—Matters relating to imposition of levy
6 Sub‑sectors subject to annual levy
7 General conditions for imposition of annual levy
8 General conditions for imposition of special levy
Part 3—Amount of levy payable
Division 1—Amount of annual levy for members of a sub‑sector
9 Amount of annual levy
10 Levy component for persons who are deregistered or who cease to be a member of a sub‑sector
11 Graduated levy component
12 Entity metric
Division 2—Amount of further levy across members of the sub‑sector
13 Amount of further levy—total levy does not exceed the sub‑sector levy cap
14 Amount of special levy—total levy exceeds the sub‑sector levy cap
Division 3—Amount of special levy across several sub‑sectors
15 Amount of special levy—total levy exceeds the sub‑sector levy cap
16 Amount of special