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  • Regulatory Charging Summary

    Regulatory Charging Summary

    Note 20A: Receipts Subject to Cost Recovery Policy
      2017$m 2016$m
    Amounts applied
    Departmental
    Annual appropriations 105 106
    Total amounts applied 105 106
    Expenses
    Departmental 105 106
    Total expenses 105 106
    Revenue
    Administered 123 140
    Total revenue 123 140
    Receivables
    Administered 28 11
    Total receivables 28 11
    Amounts written off
    Administered - -
    Total amounts written off -  

    The cost recovery information included in this note is in relation to the Self-Managed Superannuation Funds (SMSF), Financial Industry Supervisory Levies and Excise Equivalent Goods (EEG) warehouse licence. Revenue collected by the SMSF Levy relates to the regulatory costs of the ATO in ensuring SMSFs comply with superannuation laws. Revenue collected by the Financial Industry Supervisory Levies by the Australian Prudential and Regulation Authority from the superannuation industry includes a component to cover the expenses of the ATO in administering the Superannuation Lost Member Register (LMR), Unclaimed Superannuation Money (USM) frameworks and implementation of the SuperStream initiative. The EEG information is for the warehouse licence applications and renewals issued by the ATO under delegation with the Department of Immigration and Border Protection. It also covers the compliance activities associated with the granting of warehouse licences. This is in accordance with the Customs Act 1901. Comparative figure has been updated to include EEG cost recovery information for the first time

    A copy of the Cost Recovery Implementation Statement for the Financial Industry Super Levies is available at Cost Recovery Implementation Statement (PDF 885KB)This link will download a file

    A copy of the Cost Recovery Implementation Statement for Cargo and Trade related activities is available at Cost Recovery Implementation Statement (PDF 331KB)This link will download a file

      Last modified: 30 Oct 2017QC 53713