- Originating house
- House of Representatives
- Parliament no
- Part of a package of seven bills to implement changes to the financial sector levy setting framework, the bill amends the
Superannuation Supervisory Levy Imposition Act 1998 to: separate the superannuation supervisory levy into a restricted and an unrestricted component; increase the statutory upper limit for the restricted levy component set for the 2005-06 financial year; alter the calculation of the indexation factor used to establish the statutory upper limits applying in later financial years; and allow for levy determinations for different classes of superannuation entity, thereby providing for separate lower minimum levy determinations for small superannuation funds.
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