Superannuation (Self Managed Superannuation Funds) Taxation Act 1987
View history note
Hide history noteAn entity is liable to pay a levy for a year of income in respect of a superannuation entity if:
(a) the superannuation entity is a self managed superannuation fund at any time during the year of income; and
(b) on the day on which the levy becomes due and payable (see section 15DB), the entity is a trustee of the superannuation entity.
15DA(2)
If, on that day, there is more than one trustee of the superannuation entity, those trustees are jointly and severally liable to pay the levy for that year of income in respect of the superannuation entity.
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