Key Documents
This paper, prepared in conjunction with the Australian Prudential Regulation Authority (APRA), seeks submissions on the proposed financial institutions supervisory levies that will apply for the 2014-15 financial year.
The levies are set to recover the operational costs of APRA and other specific costs incurred by certain Commonwealth agencies and departments, including the Australian Securities and Investments Commission, the Australian Taxation Office, and the Department of Human Services.
The paper, in line with the conclusions of Treasury's response to the 2013 methodology review, presents two options for determining the levy payable by an institution in 2014‑15.
The Treasury and APRA are seeking input from industry on their preferred methodology, and welcome all interested parties to lodge a submission.