Superannuation (Financial Assistance Funding) Levy Act 1993 (Cth)

Superannuation (Financial Assistance Funding) Levy Act 1993

Act No. 79 of 1993 as amended

This compilation was prepared on 4 July 2003 taking into account amendments up to Act No. 51 of 2003

The text of any of those amendments not in force on that date is appended in the Notes section

The operation of amendments that have been incorporated may be affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting, Attorney‑General's Department, Canberra

Contents 1 Short title [see Note 1] 2 Commencement [see Note 1] 3 Object of Act 4 Application of the Superannuation Industry (Supervision) Act 5 Interpretation 6 Regulations may impose levies 7 Basis for prescribing amount of levy 8 Amount of levy 9 Levies may discriminate between classes of funds 10 Regulations

Notes An Act to impose levies on superannuation funds and approved deposit funds for the purpose of funding financial assistance to certain funds that have suffered loss as a result of fraudulent conduct or theft

1 Short title [see Note 1]

This Act may be cited as the Superannuation (Financial Assistance Funding) Levy Act 1993.

2 Commencement [see Note 1]

This Act commences on the same day as Part 23 of the Superannuation Industry (Supervision) Act 1993.

3 Object of Act

The object of this Act is to impose levies on superannuation funds and approved deposit funds for the purpose of funding financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 to certain funds that have suffered loss as a result of fraudulent conduct or theft.

4 Application of the Superannuation Industry (Supervision) Act

Section 9, and Division 2 of Part 1, of the Superannuation Industry (Supervision) Act 1993 apply in relation to this Act in a corresponding way to the way in which they apply in relation to that Act.