The purpose of the Consultation Paper on Proposed Financial Industry Levies for 2012‑13 is to seek industry views on the proposed financial industry levies to apply for the 2012-13 financial year.
The paper discusses potential impacts of the proposal on each industry sector and institution regulated by the Australian Prudential Regulation Authority (APRA). The paper also provides a summary of the costs associated with the implementation of the SuperStream measures, which were announced on 16 December 2010 as part of the Government’s Stronger Super Reforms.
The views provided on the paper will be taken into account in the determination of the levies to apply next year.