Commonwealth Numbered Acts

CORPORATIONS (NATIONAL GUARANTEE FUND LEVIES) AMENDMENT ACT 2007 (NO. 148, 2007) - SCHEDULE 1

Corporations (National Guarantee Fund Levies) Act 2001

1  At the end of section 5

Add:

             (4)  A determination referred to in subsection 889J(1) of the Corporations Act 2001 must not specify an amount of levy, or a method for determining the amount of levy, that results in the total amount in levies that becomes payable to the SEGC in a financial year exceeding 150% of the minimum amount in relation to the NGF on 1 July in the financial year.

[ Minister's second reading speech made in--

House of Representatives on 21 June 2007

Senate on 13 September 2007 ]