1
Short title
1 Short title
This Act may be cited as the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991.
//
© 2026 Zoe. All rights reserved.
Zoe is a legal information platform. Always consult the Federal Register of Legislation for authoritative text.
Commonwealth act
This Act imposes an annual supervisory levy on self‑managed superannuation funds (SMSFs). The levy is payable under section 15DA of the Superannuation (Self Managed Superannuation Funds) Taxation Act 1987 (s5); the amount is set by regulation and capped at $300 per income year (s6–7). SMSF trustees pay the levy; the Governor‑General makes the regulations that fix the annual amount.
Want the full deep dive?
Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.
Direct links to the current provisions in Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991.
This Act may be cited as the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991.
This Act commences, or is taken to have commenced, as the case requires, on the commencement of the Occupational Superannuation Laws Amendment Act 1991.
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.
Levy payable in accordance with section 15DA of the Superannuation (Self Managed Superannuation Funds) Taxation Act 1987 is imposed.
The amount of levy payable for a year of income is an amount (not exceeding $300) specified in regulations for the purposes of this section.
The Governor‑General may make regulations for the purposes of section 6.
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
This Act may be cited as the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991.
This Act commences, or is taken to have commenced, as the case requires, on the commencement of the Occupational Superannuation Laws Amendment Act 1991.
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.
Levy payable in accordance with section 15DA of the Superannuation (Self Managed Superannuation Funds) Taxation Act 1987 is imposed.
The amount of levy payable for a year of income is an amount (not exceeding $300) specified in regulations for the purposes of this section.
The Governor‑General may make regulations for the purposes of section 6.