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Version date: 1 January 2016 - onwards
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32D. Power to impose levies.

(1) The Commission may make regulations prescribing levies to be paid by persons who are subject to regulation under the designated enactments and designated statutory instruments.

(2) In particular, regulations under subsection (1) may provide for any of the following matters:

(a) the activities, services or other matters for which specified kinds of levies are payable;

(b) the persons, or classes of persons, who are required to pay specified kinds of levies;

(c) the amounts of specified kinds of levies;

(d) the periods for which, or the dates by which, specified levies are to be paid to the Bank;

(e) penalties payable by a person who does not pay a levy on time;

(f) the keeping of records, and the making of returns to the Bank, by persons who are liable to pay a specified levy;

(g) the collection and recovery of levies.

(3) Regulations made under this section do not take effect until approved by the Minister.

(3A) A levy prescribed in relation to the functions of the resolution autho

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