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June 11, 2009

APRA levy to increase

Treasury has issued a Consultation Paper on Proposed Financial Sector Levies for 2009-10 .

Citing the increase in APRA staff due to increased supervisory requirements as well as a shared increase in ASIC and ATO costs, the proposed ADI increase in levies is 12.1% with the maximum going up to $1.6M.

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Posted 11th June 2009 by David Jacobson in Legal