Commonwealth Numbered Acts

FINANCIAL INSTITUTIONS SUPERVISORY LEVIES COLLECTION ACT 1998No. 53, 1998 - SECT 7

ADI has the same meaning as in the Banking Act 1959 .

Note: ADI is short for authorised deposit-taking institution.

Note: NOHC is short for non-operating holding company.

general insurance company means a body corporate that is authorised under the Insurance Act 1973 to carry on insurance business within the meaning of that Act.

late payment penalty means penalty payable under section 10.

leviable body means any of the following types of bodies:

(a) an ADI;

(b) an authorised NOHC;

(c) a life insurance company;

(d) a general insurance company;

(e) an RSA provider;

(f) a superannuation entity.

(a) in respect of a leviable body that is an ADI--levy imposed by the Authorised Deposit-taking Institutions Supervisory Levy Imposition Act 1998 ; or

(b) in respect of a leviable body that is an authorised NOHC--levy imposed by the Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998 ; or

(c) in respect of a leviable body that is a life insurance company--levy imposed by the Life Insurance Supervisory Levy Imposition Act 1998 ; or

(d) in respect of a leviable body that is a general insurance company--levy imposed by the General Insurance Supervisory Levy Imposition Act 1998 ; or

(e) in respect of a leviable body that is an RSA provider--levy imposed by the Retirement Savings Account Providers Supervisory Levy Imposition Act 1998 ; or

(f) in respect of a leviable body that is a superannuation entity--levy imposed by the Superannuation Supervisory Levy Imposition Act 1998 .

(a) if the leviable body is that type of leviable body on 1 July of the financial year--that day; or

(b) if the leviable body becomes that type of leviable body on a day during the financial year that is after 1 July of the financial year--the day, during the financial year, on which the leviable body becomes that type of leviable body.

(a) a leviable body, other than a superannuation entity; or

(b) the trustee of a superannuation entity.

RSA provider has the same meaning as in the Retirement Savings Accounts Act 1997 .

superannuation entity means an entity that:

(a) is a superannuation entity within the meaning of the Superannuation Industry (Supervision) Act 1993 ; and

(b) is not an excluded superannuation fund within the meaning of that Act.