Notice of Revocation of Disqualification – Drew Graham Leverett– 8 August 2025

Overview

The Superannuation Industry (Supervision) Act 1993 (SISA) was enacted to address the need for effective regulation and supervision of the superannuation industry, aiming to protect the interests of superannuation fund members by ensuring the proper management and administration of funds. The Act was introduced by the Australian Parliament to provide a comprehensive regulatory framework that maintains the integrity and sustainability of the superannuation system. The SISA aims to ensure that trustees and other responsible entities adhere to strict standards and regulatory requirements, thereby safeguarding the retirement savings of Australians. The Act was pivotal in establishing the Australian Prudential Regulation Authority (APRA) and the Australian Taxation Office (ATO) as key regulatory bodies tasked with enforcing compliance and overseeing the superannuation industry. The Administrative Review Tribunal Act 2024, under which the revocation of the disqualification notice for Drew Graham Leverett was processed, serves to provide a mechanism for the review and appeal of administrative decisions. This Act was enacted to ensure that administrative decisions are fair, just, and legally sound, allowing for the correction of errors and the safeguarding of individual rights. In this instance, the revocation of the disqualification notice for Drew Graham Leverett by a delegate of the Commissioner of Taxation, pursuant to the provisions of the Administrative Review Tribunal Act 2024, highlights the importance of providing a formal and transparent process for addressing administrative actions that may have been unjustly applied.

Scope and Application

The revocation notice pertains to Drew Graham Leverett, a resident of West Perth, Western Australia, as it relates to a disqualification notice issued under the Superannuation Industry (Supervision) Act 1993. The revocation is executed by Emma Rosenzweig, a delegate of the Commissioner of Taxation, and it takes effect from 8 January 2025 as per subsection 108(2) of the Administrative Review Tribunal Act 2024. This revocation does not specify any exclusions or exemptions and applies directly to Drew Graham Leverett. The jurisdictional reach of this revocation is national, as it involves the Commonwealth's regulatory framework over superannuation industries. Additionally, the notice highlights that details of the revocation will be published as a Notifiable Instrument in the Federal Register of Legislation under subsection 126A(7) of the SISA, ensuring transparency and accessibility of the information to the public.

Key Provisions

The Superannuation Industry (Supervision) Act 1993 (SISA) and the Administrative Review Tribunal Act 2024 provide the legislative framework within which Drew Graham Leverett's disqualification notice has been revoked. Specifically, subsection 108(2) of the Administrative Review Tribunal Act 2024 empowers a delegate of the Commissioner of Taxation, in this case Emma Rosenzweig, to revoke a disqualification notice. This revocation, as outlined in the notice dated 8 August 2025, applies to the disqualification notice originally issued to Drew Graham Leverett on 8 January 2025. The revocation of the disqualification notice implies that Drew Graham Leverett is no longer disqualified from engaging in certain activities within the superannuation industry as previously stipulated. This decision, effective from 8 January 2025, restores his eligibility to participate in the industry, subject to any other conditions or restrictions that may apply. The revocation is formalised by a notice signed by Emma Rosenzweig, acting in her capacity as a delegate of the Commissioner of Taxation. The obligations under these Acts for parties like Drew Graham Leverett involve compliance with the stipulations set forth in the revocation notice. This includes adhering to any remaining conditions or restrictions that may still apply post-revocation. The revocation does not automatically absolve Drew of any past compliance issues or legal obligations. Instead, it marks the lifting of a specific penalty that was previously in place. Breaching the conditions of the revocation or failing to comply with any remaining obligations can result in significant consequences. Under the SISA, penalties for non-compliance can include fines and, in severe cases, criminal charges. The specific penalties depend on the nature and severity of the breach, but they can be substantial. Given the seriousness of the penalties, it is imperative for Drew Graham Leverett to fully understand and comply with any conditions or restrictions that remain in effect following the revocation of his disqualification notice.