Major Bank Levy Act 2017
In this Act:
ADI
(authorised deposit-taking institution) means a body corporate that is an ADI for the purposes of the
Banking Act 1959
.
ADI financial claims scheme
means the scheme provided for under Division
2AA
of Part
II
of the
Banking Act 1959
.
applicable liabilities amount
for a quarter has the meaning given by subsection
5(2)
.
applicable reporting standard
means a standard that:
(a) is determined by the Australian Prudential Regulation Authority under section 13 of the Financial Sector (Collection of Data) Act 2001 ; and
(b) relates to reporting amounts for the purposes of this Act (whether or not it also relates to other matters).
levy threshold
for a quarter has the meaning given by subsection
4(3)
.
quarter
means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.
total liabilities amount
for a quarter has the meaning given by subsection
4(2)
.
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