Summary
Part of a package of seven bills to implement changes to the financial institution supervisory levy framework, the bill amends the
Authorised Non-operating Holding Companies Supervisory Levy Imposition Act 1998
to: increase the statutory upper limit on the authorised non-operating holding companies supervisory levy to $10 million for the financial year commencing on 1 July 2020; and amend the calculation of the indexation factor used to establish the statutory upper limits applying in later years.