Superannuation Supervisory Levy Imposition Amendment Act 2012

No. 92, 2012

An Act to amend the Superannuation Supervisory Levy Imposition Act 1998, and for related purposes

Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Schedule(s)......................................................................................... 2

Schedule 1—Amendment of the Superannuation Supervisory Levy Imposition Act 1998          3

Superannuation Supervisory Levy Imposition Act 1998                                     3

Superannuation Supervisory Levy Imposition Amendment Act 2012

No. 92, 2012

An Act to amend the Superannuation Supervisory Levy Imposition Act 1998, and for related purposes

[Assented to 28 June 2012]

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Superannuation Supervisory Levy Imposition Amendment Act 2012.

2  Commencement

                   This Act commences on the day this Act receives the Royal Assent.

3  Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Amendment of the Superannuation Supervisory Levy Imposition Act 1998

Superannuation Supervisory Levy Imposition Act 1998

1  At the end of section 7

Add:

             (5)  Without limiting subsection (3), the Treasurer may make more than one determination, for a financial year, about any or all of the matters referred to in that subsection.

2  Application

The amendment made by this Schedule applies from 1 July 2012.

[Minister’s second reading speech made in—

House of Representatives on 24 May 2012

Senate on 19 June 2012]