Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2008
Australian Prudential Regulation Authority Act 1998
I, CHRIS BOWEN, Assistant Treasurer, make this Determination under paragraph 50 (1) (b) of the Australian Prudential Regulation Authority Act 1998.
Dated 30 June 2008
CHRIS BOWEN
Assistant Treasurer
  
  
1              Name of Determination
                This Determination is the Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2008.
2              Commencement
                This Determination commences on 1 July 2008.
3              Revocation of Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2007
                The Australian Prudential Regulation Authority (Commonwealth Costs) Determination 2007 is revoked.
4              Definitions
                In this Determination:
2008–2009 financial year means the financial year beginning on 1 July 2008.
Act means the Australian Prudential Regulation Authority Act 1998.
levy money has the meaning given by subsection 50 (6) of the Act.
5              Commonwealth costs (Act s 50)
                For paragraph 50 (1) (b) of the Act, the table sets out the amount of levy money payable to the Commonwealth in respect of the relevant class of levy for the 2008–2009 financial year, to cover the costs to the Commonwealth of providing market integrity and consumer protection functions for prudentially regulated institutions.
 
Item
Matter
Amount ($)
Purpose of amount

1
Amount of the levy money payable to the Commonwealth under the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998
2 300 000
For the Australian Securities and Investments Commission, in so far as it provides, on behalf of the Commonwealth, market integrity and consumer protection functions for prudentially regulated institutions

2
Amount of the levy money payable to the Commonwealth under the Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998
0
 

3
Amount of the levy money payable to the Commonwealth under the General Insurance Supervisory Levy Imposition Act 1998
1 500 000
For the Australian Securities and Investments Commission, in so far as it provides, on behalf of the Commonwealth, market integrity and consumer protection functions for prudentially regulated institutions

4
Amount of the levy money payable to the Commonwealth under the Life Insurance Supervisory Levy Imposition Act 1998
1 800 000
For the Australian Securities and Investments Commission, in so far as it provides, on behalf of the Commonwealth, market integrity and consumer protection functions for prudentially regulated institutions

5
Amount of the levy money payable to the Commonwealth under the Retirement Savings Account Providers Supervisory Levy Imposition Act 1998
0
 

6
Amount of the levy money payable to the Commonwealth under the Superannuation Supervisory Levy Imposition Act 1998
15 400 000
$9 000 000 of the amount is for the Australian Securities and Investments Commission, in so far as it provides, on behalf of the Commonwealth, market integrity and consumer protection functions for prudentially regulated institutions
$6 400 000 of the amount is for the Australian Taxation Office, in so far as it provides, on behalf of the Commonwealth, market integrity and consumer protection functions for prudentially regulated institutions