Tax Laws Amendment (Simplified Superannuation) Act 2007 (9 of 2007)

Schedule 5   Self-managed superannuation funds

Superannuation (Self Managed Superannuation Funds) Taxation Act 1987

27   Section 15DD

Repeal the section, substitute:

15DD Recovery of levy

Levy that is due and payable may be recovered by the Commonwealth as a debt due to the Commonwealth.

Note: The heading to section 15DD is altered by omitting “ and late payment penalty ”.