Commonwealth Consolidated Acts

FINANCIAL SERVICES COMPENSATION SCHEME OF LAST RESORT LEVY ACT 2023

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Act to bind Crown  
   4.      Extension to external Territories  
   5.      Extra - territorial application  
   6.      Act does not impose levy on property of a State  
   7.      Definitions  

   PART 2--LEVY

           Division 1--Imposition of levy

   8.      Imposition of levy--main cases  
   9.      Imposition of special levy--revised estimate of claims, fees and costs exceeds the sub - sector levy cap and is to be spread across several sub - sectors etc.  
   10.     Imposition of levy--unpaid claims, and AFCA's unpaid fees, for complaints given to AFCA before the accumulation recovery day  
   11.     By whom levy payable  

           Division 2--Amount of levy

   12.     Amount of annual levy  
   13.     Amount of further levy--total levy does not exceed the sub - sector levy cap  
   14.     Amount of special levy--total levy exceeds the sub - sector levy cap  
   15.     Amount of special levy--total levy exceeds the sub - sector levy cap and is to be spread across several sub - sectors etc.  
   16.     Amount of levy for unpaid claims, and AFCA's unpaid fees, for complaints given to AFCA before the accumulation recovery day  

           Division 3--Caps on levy

   17.     Total caps on levy  

   PART 3--OTHER--MATTERS

   18.     Treatment of partnerships, unincorporated associations and multiple trustees  
   19.     Regulations