Corporations (Compensation Arrangements Levies) Act 2001

The Corporations (Compensation Arrangements Levies) Act 2001 is an Australian law that imposes levies in respect of compensation arrangements for financial services markets. The Act came into effect on October 20, 2023, and includes provisions related to the implementation of the Corporations Act 2001.

The Act imposes levies on entities involved in financial services markets, with the aim of ensuring fair compensation arrangements. The levy amount is specified in the compensation rules or worked out in accordance with a method specified in those rules.

The Act also deals with transitional matters related to the implementation of the Corporations Act 2001. If an amount of levy was payable to a securities exchange or futures organisation as agent for the Commonwealth under certain laws before the commencement of this Act, that levy becomes payable to the operator of the financial market on the commencement of this Act.

The compilation includes amendments up to Act No. 76, 2023, and provides information about the legislation history and amendment history of the compiled law. The endnotes also include information about misdescribed amendments, which are amendments that do not accurately describe how an amendment is to be made.