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Exposure Draft - Financial Assistance Levy to Recoup Grants Made to Superannuation Funds

Date:

Monday, 9 May 2011

Content ID:

2030

Abstract:

The Superannuation (Financial Assistance Funding) Levy Act 1993 provides for the imposition of levies on regulated superannuation funds and approved deposit funds, other than self managed superannuation funds, to recoup the amount of grants of financial assistance made under Part 23 of the Superannuation Industry (Supervision) Act 1993.

Treasury has released exposure draft regulations and explanatory material for the levy to recoup the grant of financial assistance announced by the Assistant Treasurer on 13 April 2011. The draft regulations set out the applicable levy rate, maximum and minimum levy amounts and information on when the levy will be payable.

Making a submission

Interested parties are invited to comment on the exposure draft and explanatory material. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Monday, 16 May 2011

Address written submissions to:
Principal Adviser - Superannuation
Financial System Division
The Treasury
Langton Crescent
PARKES ACT 2600
Fax: (02) 6263 4466

Email: FinancialAssistanceLevy@treasury.gov.au

For enquiries, please call Lok-Hin Lam (02) 6263 3297.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Superannuation (Financial Assistance Funding) Levy and Collection Amendment Regulations 2011  182.09kb
Explanatory Material  15.30kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Superannuation (Financial Assistance Funding) Levy and Collection Amendment Regulations 2011  376.52kb
Explanatory Material  49.00kb

Related Items:

Submissions: Consultation on the Exposure Draft for Financial Assistance Levy to Recoup Grants Made to Superannuation Funds - 7/06/2011

Treasury has received five submissions in response to the Consultation on the Exposure Draft for Financial Assistance Levy to Recoup Grants Made to Superannuation Funds. The submissions are listed below and are accessible by selecting the author.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or the Treasury.

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