House of Representatives

Superannuation Legislation Amendment (Reform of Self Managed Superannuation Funds Supervisory Levy Arrangements) Bill 2013

Superannuation Legislation Amendment (Reform of Self Managed Superannuation Funds Supervisory Levy Arrangements) Act 2013

Explanatory Memorandum
(Incorporating Correction)

(Circulated by the authority of the Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation, the Hon Bill Shorten MP)

Glossary

The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
APRA Australian Prudential Regulation Authority
ATO Australian Taxation Office
Imposition Act Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991
Imposition Regulations Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Regulations 1991
MYEFO Mid Year Economic and Fiscal Outlook
SIS Act Superannuation Industry (Supervision) Act 1993
SMSF self managed superannuation fund
Taxation Act Superannuation (Self Managed Superannuation Funds) Taxation Act 1987
Taxation Regulations Superannuation (Self Managed Superannuation Funds) Taxation Regulations 1999

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