Superannuation (Self Managed Superannuation Funds) Taxation Regulations 1999 (Cth)

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Superannuation (Self Managed Superannuation Funds) Taxation Regulations 1999

Statutory Rules No. 241, 1999 as amended

made under the

Superannuation (Self Managed Superannuation Funds) Taxation Act 1987

Compilation start date: 1 July 2013

Includes amendments up to:SLI No. 116, 2013

 

About this compilation

This compilation

This is a compilation of the Superannuation (Self Managed Superannuation Funds) Taxation Regulations 1999 as in force on 1 July 2013. It includes any commenced amendment affecting the legislation to that date.

This compilation was prepared on 3 September 2013.

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of each amended provision.

Uncommenced amendments

The effect of uncommenced amendments is not reflected in the text of the compiled law but the text of the amendments is included in the endnotes.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Modifications

If a provision of the compiled law is affected by a modification that is in force, details are included in the endnotes.

Provisions ceasing to have effect

If a provision of the compiled law has expired or otherwise ceased to have effect in accordance with a provision of the law, details are included in the endnotes.

      

Contents

  Part 1Preliminary  1Name of Regulations

 These Regulations are the Superannuation (Self Managed Superannuation Funds) Taxation Regulations 1999

2Commencement

 These Regulations commence on gazettal.

3Definition

 In these Regulations:

Actmeans the Superannuation (Self Managed Superannuation Funds) Taxation Act 1987.

return lodgement day means the day when a return is lodged under section 35D of the Superannuation Industry Supervision Act 1993.

Part 2When levy due for payment  4Authority

This Part is made for subsection 15DB(1) of the Act.

5Levy for year of income ending on 30 June 2015 and later years
  • (1)

    This regulation applies to the levy for the year of income ending on 30 June 2015, and later years of income.

  • (2)

    The levy for a year of income is due and payable on the return lodgement day for the preceding year of income.

  • (3)

    The levy for the year of income in which a self managed superannuation fund elects to be regulated is due and payable on the return lodgement day for that year.

6Levy for year of income ending on 30 June 2014
  • (1)

    This regulation applies to the levy for the year of income ending on 30 June 2014.

  • (2)

    The levy is due and payable in the following instalments:

  • (a)

    $130 on the return lodgement day for the year of income ending on 30 June 2013;

  • (b)

    $129 on the return lodgement day for the year of income ending on 30 June 2014.

  • (3)

    However, if a self managed superannuation fund elects, during the year of income ending on 30 June 2014, to be regulated, the levy is due and payable on the return lodgement day for the year of income ending on 30 June 2014.

Endnotes

Endnote 1About the endnotes

The endnotes provide details of the history of this legislation and its provisions. The following endnotes are included in each compilation:

Endnote 1—About the endnotes

Endnote 2—Abbreviation key

Endnote 3—Legislation history

Endnote 4—Amendment history

Endnote 5—Uncommenced amendments

Endnote 6—Modifications

Endnote 7—Misdescribed amendments

Endnote 8—Miscellaneous

If there is no information under a particular endnote, the word “none” will appear in square brackets after the endnote heading.

Abbreviation key—Endnote 2

The abbreviation key in this endnote sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended the compiled law. The information includes commencement information for amending laws and details of application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision level. It also includes information about any provisions that have expired or otherwise ceased to have effect in accordance with a provision of the compiled law.

Uncommenced amendments—Endnote 5

The effect of uncommenced amendments is not reflected in the text of the compiled law, but the text of the amendments is included in endnote 5.

Modifications—Endnote 6

If the compiled law is affected by a modification that is in force, details of the modification are included in endnote 6.

Misdescribed amendments—Endnote 7

An amendment is a misdescribed amendment if the effect of the amendment cannot be incorporated into the text of the compilation. Any misdescribed amendment is included in endnote 7.

Miscellaneous—Endnote 8

Endnote 8 includes any additional information that may be helpful for a reader of the compilation.

Endnote 2Abbreviation key

ad = added or inserted

pres = present

am = amended

prev = previous

c = clause(s)

(prev) = previously

Ch = Chapter(s)

Pt = Part(s)

def = definition(s)

r = regulation(s)/rule(s)

Dict = Dictionary

Reg = Regulation/Regulations

disallowed = disallowed by Parliament

reloc = relocated

Div = Division(s)

renum = renumbered

exp = expired or ceased to have effect

rep = repealed

hdg = heading(s)

rs = repealed and substituted

LI = Legislative Instrument

s = section(s)

LIA = Legislative Instruments Act 2003

Sch = Schedule(s)

mod = modified/modification

Sdiv = Subdivision(s)

No = Number(s)

SLI = Select Legislative Instrument

o = order(s)

SR = Statutory Rules

Ord = Ordinance

Sub-Ch = Sub-Chapter(s)

orig = original

SubPt = Subpart(s)

par = paragraph(s)/subparagraph(s)

 /sub-subparagraph(s)

Endnote 3Legislation history

Number and year

FRLI registration

or Gazettal

Commencement

Application, saving and transitional provisions

1999 No 241

20 Oct 1999 (see F1999B00245)

20 Oct 1999

2007 No 76

2 Apr 2007 (see F2007L00823)

1 July 2007

r 4

116, 2013

13 June 2013 (see F2013L00988)

1 July 2013

Endnote 4Amendment history

Provision affected

How affected

Pt 1

hdg to Pt 1..............................

ad No 116, 2013

r 3..........................................

am No 116, 2013

Pt 2

Pt 2........................................

ad No 116, 2013

r 4..........................................

rs No 116, 2013

r 5..........................................

rep 2007 No. 76

ad No 116, 2013

r 6..........................................

ad No 116, 2013

Endnote 5Uncommenced amendments [none]Endnote 6Modifications [none]Endnote 7Misdescribed amendments [none]Endnote 8Miscellaneous [none]
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