Superannuation (Financial Assistance Funding) Levy and Collection Amendment Regulations 2006 (No. 1) (Cth)
Superannuation (Financial Assistance Funding) Levy and Collection Amendment Regulations 2006 (No. 1)1
Select Legislative Instrument 2006 No. 104
I, PHILIP MICHAEL JEFFERY, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Superannuation (Financial Assistance Funding) Levy Act 1993 and the Financial Institutions Supervisory Levies Collection Act 1998.
Dated 8 May 2006
P. M. JEFFERY
Governor‑General
By His Excellency’s Command
PETER DUTTON
Minister for Revenue and Assistant Treasurer
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Name of Regulations
These Regulations are the Superannuation (Financial Assistance Funding) Levy and Collection Amendment Regulations 2006 (No. 1).
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Commencement
These Regulations commence on the day after they are registered.
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Amendment of Superannuation (Financial Assistance Funding) Levy and Collection Regulations 2005
Schedule 1 amends the Superannuation (Financial Assistance Funding) Levy and Collection Regulations 2005.
Schedule 1 Amendments
(regulation 3)
[1] Regulation 3, before definition of Collection Act
insert
APRA means the Australian Prudential Regulation Authority.
[2] Regulation 3, definition of levy‑exempt fund, paragraph (c)
omit
Schedule 3.
insert
Schedule 3; and
[3] Regulation 3, definition of levy‑exempt fund, after paragraph (c)
insert
(d)in relation to the Superannuation (Financial Assistance Funding) Levy No. 2004–2005:1 — a fund mentioned in Schedule 4.
[4] After Part 4
insert
Part 5 Superannuation (Financial Assistance Funding) Levy No. 2004–2005: 1
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Imposition of levy
(1)For subsection 6 (1A) of the Levy Act, a levy is imposed on each fund that is not a levy‑exempt fund.
(2)For subsection 6 (2) of the Levy Act, the number of the levy is Superannuation (Financial Assistance Funding) Levy No. 2004–2005:1.
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Rate of levy
For the definition of Applicable rate in subsection 8 (1) of the Levy Act, the rate of the levy applicable to a fund is 0.0000085.
Note Under subsection 8 (1) of the Levy Act, the amount of levy imposed on a fund is worked out by multiplying the applicable rate by the value of the fund’s assets.
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Maximum and minimum amounts of levy
(1)For paragraph 6 (3) (a) of the Levy Act, the maximum amount of levy is $35 000.
(2)For paragraph 6 (3) (b) of the Levy Act, the minimum amount of levy is $120.
Note For the effect of the maximum and minimum rates of levy, see subsection 8 (1A) of the Levy Act.
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When levy due for payment
For section 19 of the Collection Act, levy payable by the trustee of a fund is due and payable:
(a)28 days after the commencement of this regulation; or
(b)in the case of a fund for which APRA approves a later date (being a date not later than 58 days after commencement of this regulation) — on the later date.
Note This regulation commenced on the day after it was registered. The registration date of this regulation is noted on the Federal Register of Legislative Instruments. See
[5] After Schedule 3
insert
Schedule 4 Levy‑exempt funds for the Superannuation (Financial Assistance Funding) Levy No. 2004–2005: 1
(regulation 3)
|
Fund name |
Fund number |
Proportion of levy |
| Aadvark Superannuation Fund | 4387/659/74 | 0.0027 |
| Ajam Superannuation Fund | 5049/999/93 | 0.0046 |
| Alcantra Superannuation Fund | 4395/699/78 | 0.0028 |
| Ayton Superannuation Fund | 4648/769/83 | 0.0048 |
| B & S Foster Superannuation Fund | 4387/499/74 | 0.0028 |
| Badham Superannuation Fund | 4200/669/69 | 0.0027 |
| Baker Superannuation Fund | 4391/079/70 | 0.0027 |
| Bates Superannuation Fund | 4200/089/60 | 0.0047 |
| Beedie Superannuation Fund | 4387/289/70 | 0.0045 |
| Bergin Superannuation Fund | 4746/529/83 | 0.0052 |
| Bill Anderson Superannuation Fund | 4201/669/62 | 0.0027 |
| Blackburn Superannuation Fund | 4387/369/70 | 0.0027 |
| Blampied Superannuation Fund | 4201/099/64 | 0.0045 |
| Bollen Superannuation Fund | 4219/539/64 | 0.0027 |
| Bonnes Superannuation Fund | 4649/059/83 | 0.0027 |
| Butcher Superannuation Fund | 4475/019/70 | 0.0046 |
| Butler Superannuation Fund | 4203/719/67 | 0.0004 |
| Buttsworth Superannuation Fund | 4395/869/79 | 0.0045 |
| Cass Wanstall & Assoc Pty Ltd Superannuation Fund | 5036/029/92 | 0.0027 |
| C Dick Superannuation Fund | 4353/509/71 | 0.0050 |
| CEA Superannuation Fund | 4404/969/76 | 0.0027 |
| Cherry Dixit Superannuation Fund | 4202/509/69 | 0.0044 |
| Chu Turnbull Superannuation Fund | 4578/679/71 | 0.0027 |
| Clampett Superannuation Fund | 4664/859/84 | 0.0046 |
| Colors Pty Ltd Superannuation Fund | 3126/099/55 | 0.0803 |
| Combes Superannuation Fund | 4405/229/73 | 0.0004 |
| Commons Superannuation Fund | 4947/479/97 | 0.0023 |
| Davie Superannuation Fund | 4199/939/65 | 0.0027 |
| DG & JM Travers Superannuation Fund | 4662/439/88 | 0.0006 |
| Digby‑Hudson Superannuation Fund | 4649/179/87 | 0.0004 |
| DJ & MY Partis Superannuation Fund | 4839/609/90 | 0.0023 |
| Dobson’s Printing Service Superannuation Fund | 4010/509/60 | 0.0023 |
| Dove Superannuation Fund | 4352/319/75 | 0.0046 |
| Downing Superannuation Fund | 4204/309/62 | 0.0027 |
| Egan Superannuation Fund | 4401/199/73 | 0.0009 |
| Fincham Superannuation Fund | 4387/329/76 | 0.0046 |
| Ford & Birse Superannuation Fund | 4356/079/70 | 0.0028 |
| Fraser Superannuation Fund | 4200/379/64 | 0.0027 |
| Fredericks Superannuation Fund | 4201/089/63 | 0.0028 |
| Frood Superannuation Fund | 4199/289/67 | 0.0027 |
| Gary Lane Superannuation Fund | 5057/709/91 | 0.0024 |
| Geonar Family Super Fund | 4663/129/85 | 0.0025 |
| G.J.G. Chapman Superannuation Fund | 4332/699/73 | 0.0007 |
| Godbold Superannuation Fund | 4201/129/60 | 0.0027 |
| Godden Superannuation Fund | 4648/089/82 | 0.0128 |
| Grenfell Family Pension Fund | 4773/839/80 | 0.0026 |
| Hamasaki Superannuation Fund | 4199/789/66 | 0.0027 |
| Harkness Superannuation Fund | 4202/219/64 | 0.0027 |
| Harmer Superannuation Fund | 4381/419/75 | 0.0046 |
| Harper Superannuation Fund | 4395/919/76 | 0.0027 |
| Harris Superannuation Fund | 4201/029/68 | 0.0032 |
| Harte Family Superannuation Fund | 4587/399/80 | 0.0020 |
| Harvey Superannuation Fund | 4648/239/81 | 0.0027 |
| Haselgrove Superannuation Fund | 4353/589/79 | 0.0028 |
| Hazell Family Superannuation Fund | 4773/879/84 | 0.0024 |
| Helen Simpson Superannuation Fund | 5095/420/17 | 0.0024 |
| Herald Superannuation Fund | 5083/390/09 | 0.0083 |
| Horner Superannuation Fund | 4353/329/70 | 0.0028 |
| Iacono Superannuation Fund | 4201/699/65 | 0.0028 |
| Independent Fire Sprinklers Superannuation Fund | 1520/867/47 | 0.3098 |
| Ireson Family Superfund | 5072/449/96 | 0.0024 |
| James Hislop Superannuation Fund | 4902/719/90 | 0.0032 |
| Johnson | 5081/040/01 | 0.0127 |
| Johnston Family Superannuation Fund | 4938/499/95 | 0.0024 |
| Johnston Superannuation Fund | 4475/129/72 | 0.0045 |
| KC Park Safe Superannuation Fund | 4142/174/62 | 0.0905 |
| Kenilworth Superannuation Fund | 4387/609/70 | 0.0027 |
| Kevin Morris Superannuation Fund | 4900/529/90 | 0.0029 |
| Laidlaw Crombie Superannuation Fund | 4227/519/62 | 0.0027 |
| Lean Superannuation Fund | 4664/829/81 | 0.0046 |
| Lee Superannuation Fund | 4219/489/67 | 0.0028 |
| Light Superannuation Fund | 4356/069/79 | 0.0005 |
| Linda Jones Superannuation Fund | 4650/889/85 | 0.0027 |
| Manohar Superannuation Fund | 4007/549/61 | 0.0052 |
| McDougall Superannuation Fund | 4353/439/72 | 0.0048 |
| McFadden Superannuation Fund | 5082/990/06 | 0.0045 |
| McKinnon Superannuation Fund | 4653/739/80 | 0.0046 |
| McNaught Superannuation Fund | 5082/510/01 | 0.0025 |
| Mexted Superannuation Fund | 4353/379/74 | 0.0027 |
| Moloney Superannuation Fund | 4200/779/61 | 0.0004 |
| Nelson Superannuation Fund | 4660/729/85 | 0.0046 |
| Noptosa Superannuation Fund | 3136/769/52 | 0.0044 |
| Ooi Superannuation Fund | 4010/579/66 | 0.0028 |
| Otto Superannuation Fund | 4391/759/71 | 0.0027 |
| Paddon Superannuation Fund | 4649/139/83 | 0.0066 |
| P E J Superannuation Fund | 4662/349/87 | 0.0044 |
| Pierce‑Cooke Superannuation Fund | 4387/459/70 | 0.0027 |
| Poole Superannuation Fund | 4475/089/76 | 0.0045 |
| Porritt Superannuation Fund | 4648/299/87 | 0.0133 |
| RC & RTM Pick Retirement Fund | 5082/730/07 | 0.0024 |
| RE Electronics Superannuation Fund | 4201/119/69 | 0.0046 |
| Rickards Superannuation Fund | 4387/649/73 | 0.0027 |
| Roache Superannuation Fund | 4200/659/68 | 0.0027 |
| Ross Smith Personal Pension Fund | 4682/959/83 | 0.0025 |
| Rothwell Superannuation Fund | 3136/809/59 | 0.0048 |
| S & R Roberts Superannuation Fund | 4338/419/74 | 0.0007 |
| Schippers Superannuation Fund | 4352/349/78 | 0.0028 |
| S Davies Superannuation Fund | 5036/049/94 | 0.0045 |
| Shearman Superannuation Fund | 4200/509/61 | 0.0027 |
| Sinden Family Superannuation Fund | 4891/609/94 | 0.0099 |
| Smee Superannuation Fund | 4202/639/63 | 0.0027 |
| SM Fitzgerald Superannuation Fund | 4304/689/60 | 0.0027 |
| Smibert Superannuation Fund | 4199/759/63 | 0.0072 |
| Spellicy Superannuation Fund | 4007/429/68 | 0.0045 |
| Stacher Superannuation Fund | 4405/179/76 | 0.0028 |
| Stewart Superannuation Fund | 4381/369/78 | 0.0005 |
| Tacey Superannuation Fund | 4662/509/87 | 0.0028 |
| Taylor Superannuation Fund | 4660/799/81 | 0.0027 |
| The Milham Family Superannuation Fund | 4831/479/85 | 0.0036 |
| The RJPA Superannuation Fund | 4900/569/93 | 0.0026 |
| The Stack Superannuation Fund | 4768/279/84 | 0.0024 |
| Till Superannuation Fund | 4201/559/60 | 0.0027 |
| Trafalgar Superannuation Fund | 5062/079/94 | 0.0024 |
| Tunstall Bond Superannuation Fund | 3024/079/43 | 0.1160 |
| Van DerSpuy Superannuation Fund | 4199/819/61 | 0.0046 |
| Waller Superannuation Fund | 5047/809/96 | 0.0027 |
| Way Superannuation Fund | 4649/109/80 | 0.0045 |
| Williams Superannuation Fund | 4201/159/62 | 0.0048 |
| Yeates Superannuation Fund | 4353/359/72 | 0.0051 |
| Yorke Superannuation Fund | 4381/499/72 | 0.0048 |
Note The proportion of levy is the proportion of levy that is represented by each fund, having regard to the amount of financial assistance granted to it (see subsection 6 (1B) of the Levy Act).
Note
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All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See
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