The Australian Prudential Regulation Authority Supervisory Levies Determination 2022 setting financial institution’s supervisory levies for the 2022-23 year has been registered.
The Determination prescribes the levy for each sector regulated by APRA.
It commenced on 1 July 2022 and relates to the 2022-23 financial year (the current financial year).
The Determination covers the following:
- Authorised deposit-taking institutions supervisory levy;
- Authorised non-operating holding companies supervisory levy;
- General insurance supervisory levy;
- Life insurance supervisory levy;
- Life insurance company’s levy;
- Private health insurance supervisory levy;
- Retirement savings account providers supervisory levy;
- Superannuation supervisory levy.
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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
