Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991

S 1 amended by No 121 of 1999 and No 54 of 1998.

S 3 substituted by No 83 of 1993.

S 5 amended by No 121 of 1999, No 54 of 1998 and No 83 of 1993.

S 6 amended by No 55 of 2013, s 3 and Sch 1 items 2-3, by omitting "on the lodgment of a return" after "payable" and substituting "$300" for "$200", applicable in relation to the 2013-14 year of income and later years of income.

S 6 substituted by No 14 of 2007, s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years. S 6 formerly read:

SECTION 6 AMOUNT OF LEVY  
6(1)
The amount of levy payable on the lodgment of a return for a year of income is the sum of:

(a) an amount (not exceeding $200) specified in regulations for the purposes of this subsection; and

(b) if the return is not lodged by the date specified in the regulations in respect of a year of income - the late lodgment amount which the trustee is liable to pay under subsection 6(2) in relation to that return.

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History

S 6(1) amended by No 121 of 1999.

6(2) Late lodgment amount.  

The late lodgment amount in relation to a return is the amount (not exceeding $25) specified in regulations for the purposes of this subsection, in respect of:

(a) the calendar month beginning on the day after the day on which the return was required to be lodged; and

(b) each subsequent calendar month beginning before the day on which the return is lodged.

6(3)-(5)
(Omitted by No 121 of 1999)

S 6(2) substituted by No 121 of 1999 and amended by No 117 of 1995.

S 7 renumbered from s 7(1) by No 12 of 2012, s 3 and Sch 6 item 24, by omitting "(1)" before "The Governor-General", effective 21 March 2012.

S 7(2) amended by No 54 of 1998.