FIRST HOME SAVER ACCOUNT PROVIDERS SUPERVISORY LEVY IMPOSITION ACT 2008 (REPEALED)
In this Act:
ADI
has the same meaning as in the
First Home Saver Accounts Act 2008
.
APRA
means the Australian Prudential Regulation Authority.
FHSA
has the same meaning as in the
First Home Saver Accounts Act 2008
.
FHSA trust
has the same meaning as in the
First Home Saver Accounts Act 2008
.
indexation factor
means the indexation factor calculated under section
8
.
index number
, in relation to a quarter, means the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the Australian Statistician in respect of that quarter.
(a) a body corporate that has notified APRA in accordance with section 123 of the First Home Saver Accounts Act 2008 and has not revoked that notice under section 123A of that Act; or
(b) a trustee that is authorised under section 92 of that Act.
levy imposition day
, in relation to a leviable FHSA entity for a financial year, means:
(a) if the leviable FHSA entity is a leviable FHSA entity on 1 July of the financial year - that day; or
(b) in any other case - the day, during the financial year, on which the leviable FHSA entity becomes a leviable FHSA entity.
life insurance company
has the same meaning as in the
First Home Saver Accounts Act 2008
.
(a) in relation to the financial year commencing on 1 July 2009 - $1,500,000; or
(b) in relation to a later financial year - the amount calculated by multiplying the statutory upper limit for the previous financial year by the indexation factor for the later financial year.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
