AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ACT 1998No. 50, 1998

Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ACT 1998No. 50, 1998 - SECT 50

APRA's share of levy money (1) After the Commonwealth has, during a financial year, received a total amount of levy money equal to the amount determined under subsection (2) for the financial year, APRA is to be paid amounts equal to the rest of the levy money received by the Commonwealth during the financial year as soon as practicable after each payment of the rest of the levy money is received.

(2) The Treasurer is to determine, for each financial year, the amount of levy money received during the financial year that is to be available to cover the costs to the Commonwealth of providing market integrity and consumer protection functions for prudentially regulated institutions.

(3) The Consolidated Revenue Fund is appropriated for the purpose of payments under subsection (1).

(4) A determination under subsection (2) is to be in writing and is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901 .

(5) In this section:

levy money means:

Financial Institutions Supervisory Levies Collection Act 1998

Superannuation (Financial Assistance Funding) Levy Act 1993

(b) levy paid under the Superannuation (Excluded Funds) Taxation Act 1987 .

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]