Superannuation (Financial Assistance Funding) Levy Amendment Act 2003 (51 of 2003)

Schedule 1   Amendment of the Superannuation (Financial Assistance Funding) Levy Act 1993

4   After subsection 8(1)

Insert:

(1A) However:

(a) if there is a maximum amount of levy that is payable and the amount worked out under subsection (1) is more than that maximum amount - the amount of levy imposed on the fund is the maximum amount; or

(b) if there is a minimum amount of levy that is payable and the amount worked out under subsection (1) is less than that minimum amount - the amount of levy imposed on the fund is the minimum amount.