{"id":"F2018L00605","name":"Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Regulations 2018","slug":"superannuation-self-managed-superannuation-funds-supervisory-levy-imposition-regulations-2018","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":439625,"registerId":"F2018L00605-fast-fetch-1775955578642","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Regulations 2018","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![Commonwealth Coat of Arms of Australia](image.001.jpeg)\n\n \n\nSuperannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Regulations 2018\n\nI, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.\n\nDated 10 May 2018\n\nPeter Cosgrove\n\nGovernor‑General\n\nBy His Excellency’s Command\n\nKelly O’Dwyer\n\nMinister for Revenue and Financial Services\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nContents\n\n1 Name\n\n2 Commencement\n\n3 Authority\n\n4 Schedules\n\n5 Definitions\n\n6 Superannuation supervisory levy\n\nSchedule 1—Repeals\n\nSuperannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Regulations 1991\n\n \n\n \n\n \n\n1  Name\n\n  This instrument is the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Regulations 2018.\n\n2  Commencement\n\n (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.\n\n \n\n- Commencement information\n- Column 1 Column 2 Column 3\n- Provisions Commencement Date/Details\n- 1. The whole of this instrument 1 July 2018. 1 July 2018\n\n\nNote: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.\n\n (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.\n\n3  Authority\n\n  This instrument is made under the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991.\n\n4  Schedules\n\n  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.\n\n5  Definitions\n\n  In this instrument:\n\nAct means the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991.\n\n6  Superannuation supervisory levy\n\n  For the purposes of section 6 of the Act, the amount of the levy payable for the 2018‑19 year of income, and for each later year of income, is $259.\n\nSchedule 1—Repeals\n\n \n\nSuperannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Regulations 1991\n\n1  The whole of the instrument\n\nRepeal the instrument.\n\n \n","sortOrder":0}],"analysis":{"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"This instrument replaces the earlier 1991 Regulations and fixes the supervisory levy at a specific annual amount ($259) for 2018–19 and each later income year (s6; Schedule 1). It leaves questions of who pays and how the levy is administered to the parent Act under which it is made (s3), so the change is limited to setting the payable amount and repealing the prior instrument (s2; Schedule 1)."},"complexity_factors":["Single operative monetary provision: one clear numeric levy amount set ($259) (s6).","Dependence on parent statute: liability, collection mechanism and enforcement are governed by the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991, not by this instrument (s3).","Repeal of prior instrument: full repeal of the 1991 Regulations (Schedule 1) creates a straightforward replacement rather than layered amendments.","Simple commencement mechanics: single commencement date specified (1 July 2018) (s2).","Minimal definitions and limited text reduce interpretive ambiguity (s5 contains only definition of Act).","No discretionary delegations or formulae in this instrument — little administrative discretion introduced by the regulation itself."],"plain_english_summary":"This regulation sets the annual supervisory levy for self‑managed superannuation funds at $259 for the 2018–19 income year and for each later year (s6). It takes effect 1 July 2018 and repeals the earlier 1991 regulations (s2; Schedule 1). The instrument only fixes the levy amount; who is liable and how it is collected is determined by the parent Act under which this instrument is made (s3)."},"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The legislation maintains its original narrow purpose: setting the supervisory levy amount for SMSFs. The 2018 version simply updates the dollar amount and repeals the 1991 regulations, without expanding into new regulatory areas."},"complexity_factors":["Extremely short instrument — only 6 substantive sections plus a repeal schedule","Only 1 defined term ('Act')","Single, flat monetary amount ($259) with no conditions, tiers, or calculations","No cross-references to other legislation beyond the enabling Act","No exceptions, exemptions, or conditional logic","Straightforward repeal of predecessor instrument without transitional provisions"],"plain_english_summary":"This instrument sets a flat annual levy of $259 for every Self Managed Superannuation Fund (SMSF) from 2018–19 onward to fund the Australian Taxation Office’s supervision of SMSFs.  \n\nIt affects SMSF trustees (self-directed super investors) and simply sets the fee for regulation—repealing the older 1991 framework—rather than changing how SMSFs operate."},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-self-managed-superannuation-funds-supervisory-levy-imposition-regulations-2018","history":"/api/acts/superannuation-self-managed-superannuation-funds-supervisory-levy-imposition-regulations-2018/history","analysis":"/api/acts/superannuation-self-managed-superannuation-funds-supervisory-levy-imposition-regulations-2018/analysis","conflicts":"/api/acts/superannuation-self-managed-superannuation-funds-supervisory-levy-imposition-regulations-2018/conflicts","importantCases":"/api/acts/superannuation-self-managed-superannuation-funds-supervisory-levy-imposition-regulations-2018/important-cases","documents":"/api/acts/superannuation-self-managed-superannuation-funds-supervisory-levy-imposition-regulations-2018/documents"}}