Financial Sector Legislation Amendment (Enhancing Supervision and Enforcement) Act 2009 (75 of 2009)

Schedule 1   Non-operating holding companies of life insurers

Part 2   Consequential amendments

Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998

194   Application

(1) This item applies if the amendments of the Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998 made by this Schedule commence during a financial year (but not on 1 July of that financial year).

(2) That Act, as amended by this Schedule, has effect, in relation to that financial year and authorised NOHCs that are registered NOHCs, with the modifications (if any) prescribed by the regulations.

Note: Subitems (1) and (2) are equivalent to subsection 2(2) of the Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998.

(3) The Governor-General may make regulations for the purposes of subitem (2).

Note: Subitem (3) is equivalent to section 9 of the Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998.

(4) In this item:

authorised NOHC has the same meaning as in the Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998 as amended by this Schedule.

modifications includes additions, omissions and substitutions.

registered NOHC has the same meaning as in the Life Insurance Act 1995.