Superannuation Legislation Amendment (Reform of Self Managed Superannuation Funds Supervisory Levy Arrangements) Bill 2013

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 43

Summary

Amends the: Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991 to: increase the maximum levy payable by a trustee of a self managed superannuation fund for an income year from $200 to $300, effective from the 2013-14 financial year; and make consequential amendments; and Superannuation (Self Managed Superannuation Funds) Taxation Act 1987 to: provide that the levy payable for a year of income is due and payable on a day specified in the regulations; and make consequential amendments.

Progress

House of Representatives
Introduced and read a first time	13 Feb 2013
Second reading moved	13 Feb 2013
Referred to Federation Chamber	20 Mar 2013
Second reading debate	21 Mar 2013
Second reading agreed to	21 Mar 2013
Reported from Federation Chamber	21 Mar 2013
Third reading agreed to	21 Mar 2013

Senate
Introduced and read a first time	14 May 2013
Second reading moved	14 May 2013
Second reading debate	16 May 2013
Second reading agreed to	16 May 2013
Third reading agreed to	16 May 2013


Text of bill as passed both Houses	16 May 2013
Assent Act no.: 55 Year: 2013	28 May 2013

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Correction to explanatory memorandum

Explanatory memorandum

Transcript of speeches

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

Bills Digest

Notes

Referred to Committee (14/02/2013): Joint Committee on Corporations and Financial Services; Committee report (19/03/2013)
An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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