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FINANCIAL INSTITUTIONS SUPERVISORY LEVIES COLLECTION AMENDMENT ACT 2005 NO. 14, 2005 - SCHEDULE 1

- Amendment of the Financial Institutions Supervisory Levies Collection Act 1998

1
Section 7 (definition of authorised NOHC )

Repeal the definition, substitute:

"authorised NOHC "means an authorised NOHC within the meaning of either:

(a) the Banking Act 1959 ; or
(b) the Insurance Act 1973 .

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

2 Application

The amendment made by this Schedule applies in relation to levy payable for:

(a) the financial year commencing on 1 July 2005; and
(b) each succeeding financial year.

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