SUPERANNUATION (SELF MANAGED SUPERANNUATION FUNDS) SUPERVISORY LEVY IMPOSITION ACT 1991

SECTION 1   1   SHORT TITLE  


This Act may be cited as the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991.

SECTION 2   2   COMMENCEMENT  
This Act commences, or is taken to have commenced, as the case requires, on the commencement of the Occupational Superannuation Laws Amendment Act 1991.

SECTION 3   3   APPLICATION OF THE SUPERANNUATION INDUSTRY (SUPERVISION) ACT  
Section 9, and Division 2 of Part 1, of the Superannuation Industry (Supervision) Act 1993 apply in relation to this Act in a corresponding way to the way in which they apply in relation to that Act.

SECTION 4   4   INTERPRETATION  

SECTION 5   5   IMPOSITION OF SUPERANNUATION SUPERVISORY LEVY  


Levy payable in accordance with section 15DA of the Superannuation (Self Managed Superannuation Funds) Taxation Act 1987 is imposed.

SECTION 6   6   AMOUNT OF LEVY  


The amount of levy payable for a year of income is an amount (not exceeding $300) specified in regulations for the purposes of this section.

SECTION 7   7   REGULATIONS  
The Governor-General may make regulations for the purposes of section 6.

7(2)  
(Omitted by No 121 of 1999)

7(3)  
(Omitted by No 121 of 1999)