The Act sets how the supervisory levy on self‑managed superannuation funds is charged, collected and administered: trustees of an SMSF who hold office on the levy due date are liable (jointly and severally if multiple trustees). It fixes payment timing (regulations or Commissioner notice), applies daily interest for late payment, and gives the Commissioner power to remit amounts. Trustees have internal reconsideration and Tribunal review rights; many operational details are left to regulation.
This Act creates the statutory machinery for the collection and administration of the supervisory levy that applies to self managed superannuation funds, and sets out related administrative powers, review rights and interactions with other taxation and superannuation laws. Mechanically, the Act does the following.
Defines core terms used for levy administration, including the levy itself as the charge imposed by the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991, the general interest charge as calculated under Part IIA of the Taxation Administration Act 1953, and the meaning of a self managed superannuation fund as given by s 10(1) of the Superannuation Industry (Supervision) Act 1993 (s 15DAA).
Identifies who is liable to pay the levy for a year of income: an entity is liable if the superannuation entity was a self managed superannuation fund at any time during that year and the entity is a trustee of the superannuation entity on the day the levy becomes due and payable. Where there is more than one trustee on that day, the trustees are jointly and severally liable (s 15DA).
Specifies when the levy becomes payable: the due date is the day set by regulation for the purpose of s 15DB, or a day specified in a written notice given to a trustee by the Commissioner of Taxation, subject to a minimum 21 day period after the notice is given (s 15DB).
Prescribes that unpaid levy attracts the general interest charge for each day from the beginning of the day the levy was due until the day the levy and any accrued interest are paid (s 15DC).
Grants the Commissioner of Taxation the discretion to remit all or part of a levy amount (s 15DF).
Declares that pre-existing or subsequent laws that purport to exempt persons from Commonwealth taxes do not, without express reference to levy, exempt persons from liability to pay the levy (s 15DH).
Current sections
Direct links to the current provisions in Superannuation (Self Managed Superannuation Funds) Taxation Act 1987.
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Part I
Preliminary
Part I—Preliminary
1
Short title
1 Short title
This Act may be cited as the Superannuation (Self Managed Superannuation Funds) Taxation Act 1987.
2
Commencement
2 Commencement
This Act shall come into operation on a day to be fixed by Proclamation.
3
Interpretation
3 Interpretation
(1) In this Act:
fund or unit trust affected by a reviewable decision, in relation to a reviewable decision, means the fund or unit trust in relation to which the decision was made.
reviewable decision means a decision of the Commissioner of Taxation under section 15DF.
trustee, in relation to a fund or trust, has the same meaning as in the Superannuation Industry (Supervision) Act 1993.
year of income, in relation to a fund or unit trust, means a period that is, for the purposes of the Tax Act, the year of income of the fund or unit trust that commenced on 1 July 1986 or a subsequent year of income.
3A
Crown to be bound
3A Crown to be bound
(1) This Act binds the Crown in right of the Commonwealth, of each of the States, of the Australian Capital Territory and of the Northern Territory.
(2) Nothing in this Act renders the Crown in right of the Commonwealth, of a State, of the Australian Capital Territory or of the Northern Territory liable to be prosecuted for an offence.
Part III
Functions of the Commissioner of Taxation
Part III—Functions of the Commissioner of Taxation
9
General administration of Act
9 General administration of Act
Subject to any directions of the Minister, the Commissioner of Taxation shall have the general administration of this Act.
Note: An effect of this provision is that people who acquire information under this Act are subject to the confidentiality obligations and exceptions in Division 355 in Schedule 1 to the Taxation Administration Act 1953.
Part IIIAA
—Collection of superannuation (self managed superannuation funds) supervisory levy
Part IIIAA—Collection of superannuation (self managed superannuation funds) supervisory levy
15DAA
Definitions
15DAA Definitions
In this Part:
general interest charge means the charge worked out under Part IIA of the Taxation Administration Act 1953.
levy means the levy imposed by the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991.
self managed superannuation fund has the meaning given by subsection 10(1) of the Superannuation Industry (Supervision) Act 1993.
superannuation entity has the meaning given by the Superannuation Industry (Supervision) Act 1993.
15DA
Who is liable to pay levy
15DA Who is liable to pay levy
(1) An entity is liable to pay a levy for a year of income in respect of a superannuation entity if:
(a) the superannuation entity is a self managed superannuation fund at any time during the year of income; and
(b) on the day on which the levy becomes due and payable (see section 15DB), the entity is a trustee of the superannuation entity.
(2) If, on that day, there is more than one trustee of the superannuation entity, those trustees are jointly and severally liable to pay the levy for that year of income in respect of the superannuation entity.
15DB
When levy due for payment
15DB When levy due for payment
(1) Levy payable for a year of income in respect of a superannuation entity is due and payable on the day specified in the regulations for the purposes of this subsection.
(1A) Without limiting subsection (1), the regulations may provide that levy is due and payable on a day specified in a written notice given to a trustee of the superannuation entity by the Commissioner of Taxation.
(2) The specified day must not be earlier than 21 days after the day on which the notice is given.
15DC
General interest charge
15DC General interest charge
If an amount of levy payable by a person remains unpaid after the time by which it is due and payable, the person is liable to pay the general interest charge on the unpaid amount for each day in the period that:
(a) starts at the beginning of the day on which the amount of levy was due to be paid; and
(b) ends at the end of the last day on which, at the end of the day, any of the following remains unpaid:
(i) an amount of levy;
(ii) general interest charge on an amount of levy.
Note: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953.
15DF
Remission of levy
15DF Remission of levy
The Commissioner of Taxation may remit the whole or a part of an amount of levy.
15DH
Exempting laws ineffective
15DH Exempting laws ineffective
(1) Nothing in a law passed before the commencement of this section exempts a person from liability to levy.
(2) A law, or a provision of a law, passed after the commencement of this section that purports to exempt a person from liability to pay taxes under laws of the Commonwealth or to pay certain taxes under those laws that include levy, other than a law or a provision that expressly exempts a person from liability to pay levy, is not to be construed as exempting the person from liability to pay levy.
Part IV
Miscellaneous
Part IV—Miscellaneous
16
Review of certain decisions
16 Review of certain decisions
(1) The trustees of a fund or unit trust that is affected by a reviewable decision of the Commissioner of Taxation may, if dissatisfied with the decision, by notice given to the Commissioner of Taxation within the period of 21 days after the day on which the trustees of the fund or unit trust first receive notice of the decision, or within such further period as the Commissioner of Taxation allows, request the Commissioner of Taxation to reconsider the decision.
(2) There shall be set out in the request reasons for making the request.
(3) Upon receipt of the request, the Commissioner of Taxation shall reconsider the decision and may, subject to subsection (4), confirm or revoke the decision or vary the decision in such manner as the Commissioner of Taxation thinks fit.
(4) Where the Commissioner of Taxation does not confirm, revoke or vary a decision before the expiration of the period of 21 days after the day on which the Commissioner of Taxation received the request under subsection (1) to reconsider the decision, the Commissioner of Taxation shall, upon the expiration of that period, be deemed to have confirmed the decision under subsection (3).
(5) Where the Commissioner of Taxation confirms, revokes or varies a decision before the expiration of the period referred to in subsection (4), the Commissioner of Taxation shall, by notice served on the applicant, inform the applicant of the result of the reconsideration of the decision and the reasons for confirming, varying or revoking the decision, as the case may be.
(6) Applications may be made to the Administrative Review Tribunal for review of decisions of the Commissioner of Taxation that have been confirmed or varied under subsection (3).
(8) If a request is made under subsection (1) in respect of a reviewable decision, section 32 (reviewable decision continues to operate unless Tribunal orders otherwise) of the Administrative Review Tribunal Act 2024 applies as if the making of the request were the making of an application to the Tribunal for a review of that decision.
(9) An order must not be made under subsection 32(2) of the Administrative Review Tribunal Act 2024 in respect of a reviewable decision except by the Administrative Review Tribunal.
(10) Despite section 69 (hearings to be in public unless practice directions or Tribunal order requires otherwise) of the Administrative Review Tribunal Act 2024, the hearing of a proceeding relating to a reviewable decision before the Administrative Review Tribunal is to be in private if the party who made the application requests that it be in private.
17
Statements to accompany notification of decisions
17 Statements to accompany notification of decisions
(1) Where notice in writing is given to the trustees of a fund or unit trust affected by a reviewable decision that the reviewable decision has been made, that notice shall include a statement to the effect that:
(a) the trustees may, if dissatisfied with the decision, seek a reconsideration of the decision by the Commissioner of Taxation in accordance with subsection 16(1); and
(b) the trustees may, subject to the Administrative Review Tribunal Act 2024, if dissatisfied with a decision made by the Commissioner of Taxation upon that reconsideration confirming or varying the first‑mentioned decision, make application to the Administrative Review Tribunal for review of the decision so confirmed or varied.
(2) Where the Commissioner of Taxation confirms or varies a reviewable decision under subsection 16(3) and gives to the trustees of a fund or unit trust notice in writing of the confirmation or variation of the decision, that notice shall include a statement to the effect that the trustees or the person may, subject to the Administrative Review Tribunal Act 2024, if dissatisfied with the decision so confirmed or varied, make application to the Administrative Review Tribunal for review of the decision.
(3) Any failure to comply with the requirements of subsections (1) and (2) in relation to a reviewable decision or a decision under subsection 16(3) does not affect the validity of that decision.
22
Regulations
22 Regulations
(1) The Governor‑General may make regulations, not inconsistent with this Act, prescribing matters:
(a) required or permitted by this Act to be prescribed; or
(b) necessary or convenient to be prescribed for carrying out or giving effect to this Act;
and, in particular:
(e) providing for exemptions from levy and for remissions of levy; and
(f) providing for the manner of payment for levy and other amounts payable to the Commonwealth under this Act; and
(g) providing for the refund (or other application) of overpayments.
Source text
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
Part I Preliminary
Part I—Preliminary
1 Short title
1 Short title
This Act may be cited as the Superannuation (Self Managed Superannuation Funds) Taxation Act 1987.
2 Commencement
2 Commencement
This Act shall come into operation on a day to be fixed by Proclamation.
3 Interpretation
3 Interpretation
(1) In this Act:
fund or unit trust affected by a reviewable decision, in relation to a reviewable decision, means the fund or unit trust in relation to which the decision was made.
reviewable decision means a decision of the Commissioner of Taxation under section 15DF.
trustee, in relation to a fund or trust, has the same meaning as in the Superannuation Industry (Supervision) Act 1993.
year of income, in relation to a fund or unit trust, means a period that is, for the purposes of the Tax Act, the year of income of the fund or unit trust that commenced on 1 July 1986 or a subsequent year of income.
3A Crown to be bound
3A Crown to be bound
(1) This Act binds the Crown in right of the Commonwealth, of each of the States, of the Australian Capital Territory and of the Northern Territory.
(2) Nothing in this Act renders the Crown in right of the Commonwealth, of a State, of the Australian Capital Territory or of the Northern Territory liable to be prosecuted for an offence.
Part III Functions of the Commissioner of Taxation
Part III—Functions of the Commissioner of Taxation
9 General administration of Act
9 General administration of Act
Subject to any directions of the Minister, the Commissioner of Taxation shall have the general administration of this Act.
Note: An effect of this provision is that people who acquire information under this Act are subject to the confidentiality obligations and exceptions in Division 355 in Schedule 1 to the Taxation Administration Act 1953.
Part IIIAA —Collection of superannuation (self managed superannuation funds) supervisory levy
Part IIIAA—Collection of superannuation (self managed superannuation funds) supervisory levy
15DAA Definitions
15DAA Definitions
Provides an internal administrative review process where trustees may seek reconsideration of a Commissioner decision within 21 days, requires reasons to be set out in the request, and allows the Commissioner to confirm, vary or revoke the decision, subject to deemed confirmation rules and rights of further review to the Administrative Review Tribunal under specified provisions (s 16). Notices of reviewable decisions must inform trustees of the reconsideration and tribunal review rights, though failure to give the prescribed statements does not invalidate the decision (s 17).
Entrusts general administration of the Act to the Commissioner of Taxation, subject to Ministerial directions (s 9), and empowers the Governor‑General to make regulations relevant to payment, exemptions, remissions and refunds (s 22).
The Act binds the Crown in right of the Commonwealth and the States but specifies that the Crown cannot be prosecuted for an offence (s 3A). The Act cross‑references the Taxation Administration Act 1953 for the general interest charge and confidentiality arrangements, the SIS Act 1993 for the definition of self managed superannuation fund, and the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991 as the source of the levy (s 15DAA; notes under s 9). The Act comes into operation on a day set by proclamation (s 2).
The Act is primarily an administrative taxation instrument: it determines who pays, when payment is due, how interest accrues on unpaid amounts, the Commissioner’s remission power, and review pathways for trustees challenging Commissioner decisions. Detailed operational elements such as precise due dates, payment mechanics, exemptions and refunds are delegated to regulation (s 15DB; s 22).
Main concepts
The Act pivots on a small set of concepts that together structure liability, timing, relief and dispute resolution.
Levy. The operative levy is not set in this text, but is defined as the levy imposed by the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991 (s 15DAA). The Act therefore functions as the collection and enforcement mechanism for a levy created elsewhere.
Self managed superannuation fund. The Act adopts the statutory definition of a self managed superannuation fund from subsection 10(1) of the Superannuation Industry (Supervision) Act 1993, thereby aligning levy liability with the criteria used in the broader superannuation regulatory framework (s 15DAA).
Liability rule. Liability to pay the levy for a year arises where the superannuation entity was an SMSF at any time during the year and the entity is a trustee of that entity on the day the levy becomes due and payable. The rule combines a temporal test tied to the year of income and a point‑in‑time test tied to trustee status on the due date (s 15DA).
Joint and several liability. Where multiple trustees exist on the due date, trustees are jointly and severally liable for the levy for the relevant year of income (s 15DA(2)). That legal form means each trustee can be pursued for the whole levy amount.
Due date mechanics. The due date is principally a matter for the regulations, with an alternate procedure where the Commissioner may set a due date via a written notice to a trustee; however the notice must allow a minimum 21 days from issue to the specified day (s 15DB(1), (1A), (2)).
Interest on unpaid levy. Unpaid levy attracts the general interest charge, calculated in accordance with Part IIA of the Taxation Administration Act 1953. Interest accrues daily from the beginning of the day the levy was due until the final day on which levy and any interest remain unpaid (s 15DC).
Remission. The Commissioner has express power to remit all or part of a levy amount (s 15DF), and regulations may also provide for remissions and exemptions (s 22(e)). The Act therefore combines administrative discretion with delegated legislative power to adjust levy obligations.
Interaction with other laws. The Act explicitly prevents earlier laws from operating to exempt persons from levy liability, and bars reading later laws as creating tax exemptions unless they expressly refer to liability to pay levy (s 15DH). The Act also cross‑refers to confidentiality obligations under the Taxation Administration Act and to tribunal review provisions under the Administrative Review Tribunal Act 2024 for certain procedural matters (s 9 note; s 16).
Administrative review procedure. Trustees may request reconsideration of a Commissioner decision within 21 days after receiving notice, must give reasons, and face a deemed confirmation if the Commissioner does not act within 21 days of receipt of the request. The Commissioner may confirm, revoke or vary a decision on reconsideration, and parties may seek tribunal review of confirmed or varied decisions under the Administrative Review Tribunal Act 2024 (s 16; s 17). The Act contains express rules about private hearings and limits on who may make certain tribunal orders in respect of reviewable decisions (s 16(8) to (10)).
Crown binding limitation. The Act binds the Crown in right of the Commonwealth, the States and certain territories, while excluding prosecution of the Crown for an offence (s 3A).
These concepts function together to determine who pays, the timing and mechanics of payment, the financial penalties for delay, the administrative relief available, and the procedural route for challenging Commissioner decisions. The Act deliberately leaves several implementation details to regulation, signalling that the operational framework will be completed by subordinate instruments (s 15DB; s 22).
Who it affects
The Act’s principal targets are trustees of superannuation entities that qualify as self managed superannuation funds and, by extension, the funds themselves, the Commissioner of Taxation in the exercise of collection powers, and persons or bodies seeking administrative review.
Trustees of self managed superannuation funds. The central liability provision identifies trustees as the entities liable to pay the levy where the fund was an SMSF at any time during the year of income and the trustee holds office on the levy due date. If multiple trustees exist on that day, each trustee is jointly and severally liable (s 15DA). Practically, those trustees include individual trustees and corporate trustees, to the extent the underlying SIS definition includes them.
Self managed superannuation funds. Funds that meet the SIS Act definition of SMSF are the objects for which levy is collected. The Act’s application to a fund is mediated by trustee status on the due date and by whether the fund was an SMSF at any time during the relevant year of income (s 15DA; s 15DAA).
The Commissioner of Taxation. The Commissioner administers the Act subject to Ministerial directions, carries powers to issue notices specifying payment dates, may remit levy amounts in whole or in part, and is the decision maker whose reviewable decisions can be reconsidered by way of the internal process and, subsequently, to the Administrative Review Tribunal (s 9; s 15DB(1A); s 15DF; s 16).
The Minister. Although not a direct target of levy liability, the Minister can give directions to the Commissioner regarding the administration of the Act, as the Commissioner’s powers are subject to any directions of the Minister (s 9).
Administrative Review Tribunal and applicants. Trustees who are dissatisfied with a Commissioner decision that is a reviewable decision under s 15DF may request reconsideration and, if dissatisfied after reconsideration, may apply to the Administrative Review Tribunal for review of decisions as provided in s 16. The Act specifies procedural rules about applications and hearing privacy under the Administrative Review Tribunal Act 2024 (s 16(6), (8)-(10)).
Other Commonwealth and State entities. The Act binds the Crown in right of the Commonwealth and the States (s 3A(1)). The Crown is not subject to prosecution for an offence (s 3A(2)). The practical implication is that the Crown can be subject to levy liability in terms of payment obligations as the Act binds the Crown, but criminal prosecution is excluded.
Parties interacting with tax confidentiality rules. The note under s 9 states that persons who acquire information under the Act are subject to confidentiality obligations and exceptions in Division 355 in Schedule 1 to the Taxation Administration Act 1953. That binds officials and any third parties who receive information under the Act to the Taxation Administration Act’s confidentiality regime.
Persons relying on non‑Commonwealth laws to avoid liability. Section 15DH directly affects persons or entities that might otherwise seek refuge from levy liability under state or other laws, by declaring those laws ineffective to the extent they purport to exempt from Commonwealth tax including levy, unless they expressly reference liability to pay levy.
The distribution of practical burdens is therefore concentrated on the trustees of SMSFs. Trustees bear direct payment obligations and interest exposure, need to monitor notices from the Commissioner specifying due dates, and may have to engage with internal and tribunal review processes if they dispute a Commissioner decision. The Commissioner exercises collection, remission and notice powers, and the Minister retains a supervisory influence through directions. The Act also places constraints on the legal avenues by which taxpayers might attempt to avoid levy liability via other statutes, and creates confidentiality obligations for persons handling information under the Act.
Key duties and rights
The Act sets out a compact set of duties for trustees and administrative rights for both trustees and the Commissioner. These duties and rights are expressed in statutory sections and further shaped by the regulations, as permitted by the Act.
Duties imposed on trustees and related parties
Liability to pay levy. Trustees of an SMSF are liable to pay the levy for a year of income where the fund was an SMSF at any time during the year and where the trustee is in office on the day the levy becomes due (s 15DA(1)). In practice, trustees must ensure payment arrangements are in place for the levy that covers the year of income for the fund.
Joint and several liability. If multiple trustees are in office on the due date, they are jointly and severally liable for the levy for that year of income (s 15DA(2)). Trustees must therefore be aware that co‑trustees can be pursued individually for the full levy amount.
Timely payment. Trustees must pay by the date prescribed in regulation for the purpose of s 15DB, or by the date specified in a written notice from the Commissioner where that procedure is used, noting the regulatory minimum notice period of 21 days (s 15DB(1), (1A), (2)).
Exposure to interest. If levy remains unpaid after the due date, the trustee is liable for the general interest charge for each day in the relevant period, applied in accordance with the Taxation Administration Act 1953 (s 15DC).
Rights and procedural entitlements for trustees
Right to reconsideration. Trustees of a fund or unit trust affected by a reviewable decision of the Commissioner may request reconsideration by notice within 21 days of first receiving notice of the decision, or within any further period the Commissioner allows, and must set out reasons for the request (s 16(1), (2)). The Commissioner must reconsider and may confirm, revoke or vary the decision (s 16(3)).
Deemed confirmation and need for prompt action. If the Commissioner does not act within 21 days after receiving a reconsideration request, the decision is deemed confirmed (s 16(4)). Trustees therefore have an incentive to press for timely reconsideration or to apply to the Administrative Review Tribunal where appropriate.
Tribunal access. Trustees may apply to the Administrative Review Tribunal for review of decisions confirmed or varied on reconsideration, subject to the Administrative Review Tribunal Act 2024 (s 16(6)). The Act further provides that, for the purposes of certain sections of the Tribunal Act, a request for reconsideration is to be treated as if it were an application to the Tribunal (s 16(8)).
Requirement for notice content. When the Commissioner gives notice of a reviewable decision, the notice must include a statement informing trustees of the right to seek reconsideration and to apply to the Tribunal, as prescribed in s 17(1) and (2). However, failure to include these statements does not affect the validity of the decision (s 17(3)), meaning trustees may not be able to base a validity challenge on omission of the prescribed explanatory text.
Right to remission. Trustees may seek remission from the Commissioner, as the Commissioner has the power to remit whole or part of a levy amount (s 15DF). The regulations may also provide for exemptions and remissions (s 22(e)).
Administrative duties and powers
Commissioner’s administration. The Commissioner is responsible for the general administration of the Act, subject to any Ministerial directions, which gives the Commissioner both duty to administer and discretion in exercising collection and remission powers, constrained by any directions from the Minister (s 9).
Notice power and timing. The Commissioner may specify a due date by written notice to a trustee, provided the specified date is not earlier than 21 days after notice is given, giving the Commissioner a mechanism for targeted collection timing (s 15DB(1A), (2)).
Remission discretion. The Commissioner’s power to remit in s 15DF is a specific administrative power that creates a route for relief from levy obligations, subject to any policy or directions that may govern how remission powers are exercised.
Regulation‑making. The Act empowers the Governor‑General to make regulations for exemptions, remissions, manner of payment, and refunds, which will shape trustees’ operational duties and rights in practice (s 22).
Limitations and caveats
Exempting laws ineffective. The Act declares that earlier laws cannot exempt a person from liability to levy, and later laws that purport to exempt persons from Commonwealth taxes do not operate to exempt levy liability unless they expressly refer to levy (s 15DH). Trustees cannot rely on non‑Commonwealth exemptions to avoid levy payment, absent express statutory language.
Crown binding but prosecution excluded. The Act binds the Crown in right of the Commonwealth, States and relevant territories, but does not permit prosecution of the Crown for an offence (s 3A).
These duties and rights frame trustee behaviour. Trustees must manage payment timing, potential joint and several exposure, and interest accrual on overdue amounts. Rights of internal reconsideration and tribunal review provide procedural avenues, but the Act contains time limits, a deemed confirmation rule for late Commissioner action, and a provision that omission of required explanatory statements does not void decisions, which affect enforcement risk and dispute strategy.
Penalties and enforcement
The Act contains a concise set of enforcement instruments focused on civil collection mechanisms and administrative remedies, rather than criminal sanctions within the text provided.
Financial penalties and charges
General interest charge. The Act’s primary financial enforcement mechanism for unpaid levy is the general interest charge, calculated in accordance with Part IIA of the Taxation Administration Act 1953. The GIC applies to unpaid levy amounts for each day from the beginning of the day the levy was due until the end of the last day on which any levy or GIC remains unpaid (s 15DC). The provision expressly contemplates compounding exposure because GIC is included in the definition of outstanding amounts for continued accrual (s 15DC(b)(ii)).
Joint and several liability. For practical enforcement, the Act makes multiple trustees jointly and severally liable for a levy where more than one trustee holds office on the due date. This allows the Commissioner to pursue any one trustee for the full amount, enhancing recovery prospects against trustees with recoverable assets (s 15DA(2)). The joint and several rule is an enforcement lever because it multiplies recovery options.
Administrative enforcement powers
Commissioner’s collection role. The Commissioner of Taxation has general administration of the Act and thus responsibility for collection enforcement, including issuing notices that may set levy due dates under a prescribed notice procedure (s 9; s 15DB(1A)). The Commissioner also holds the power to remit levy amounts in whole or in part (s 15DF), which functions as a calibrating enforcement tool.
Regulations for payment and refunds. Section 22 empowers the Governor‑General to make regulations providing for the manner of payment and for refunds or other application of overpayments. Those regulations will prescribe operational enforcement mechanisms such as payment channels, accounting treatments of payments and refunds, and possibly procedural steps before enforcement action occurs (s 22(f), (g)). The text itself delegates these details to subordinate instruments.
Limits on criminal enforcement and Crown liability
No criminal prosecution of the Crown. Section 3A(2) provides that the Act does not render the Crown in right of the Commonwealth, or a State or relevant territory, liable to be prosecuted for an offence. The practical effect is to exclude criminal prosecution of the Crown for contraventions of the Act, though the Act does not otherwise detail criminal offences applicable to private parties in the text provided (s 3A(2)). The text does not create or define specific criminal penalties for trustees under this Act.
Exempting laws ineffective. Section 15DH removes the possibility that other laws passed before the commencement of the section exempt persons from liability to levy. It also prevents later laws that purport to exempt persons from paying Commonwealth taxes from being read as exempting levy liability unless they expressly exempt levy. This provision strengthens enforcement by restricting statutory escape routes via other legislation (s 15DH).
Procedural enforcement and dispute resolution
Reconsideration requirement and deemed confirmation. The internal review mechanism in s 16 gives trustees a statutory route to seek reconsideration of a reviewable decision, and the Commissioner’s failure to act within 21 days results in deemed confirmation of the decision. This deemed confirmation rule limits procedural delay as a bar to enforcement, because delays by the Commissioner do not indefinitely hold up the operation of decisions. The Commissioner must nonetheless give notice of results and reasons when acting within the 21 day reconsideration window (s 16(3)-(5)).
Tribunal review. Trustees may apply to the Administrative Review Tribunal for review of decisions confirmed or varied on reconsideration, creating an external oversight path for enforcement decisions. The Act sets out specific procedural treatment of such applications under the Administrative Review Tribunal Act 2024, including rules about continued operation of reviewable decisions and privacy of hearings on request (s 16(6), (8)-(10)).
Unspecified enforcement elements delegated to regulation
Regulations may provide exemptions and remissions, and set the manner of payment and refund rules (s 22(e), (f), (g)). The Act therefore anticipates that further enforcement mechanics and processes will be codified in subordinate instruments, leaving the Act itself as the statutory backbone for levy liability and interest accrual.
In sum, the Act relies chiefly on civil monetary enforcement through joint and several liability, the general interest charge, and administrative collection by the Commissioner. It furnishes the Commissioner with remission discretion and delegates detailed payment and refund mechanics to regulation. The Act does not set out criminal penalties in the sections provided, and expressly prevents prosecution of the Crown for offences under the Act.
How it interacts with other laws
The Act is compact but contains multiple cross‑references and interaction rules that shape its operation alongside other Commonwealth laws and subordinate instruments.
Taxation Administration Act 1953
General interest charge. The Act delegates calculation of interest on unpaid levy to Part IIA of the Taxation Administration Act 1953, referring to the general interest charge and instructing its application to unpaid levy amounts (s 15DAA; s 15DC). That renders the Taxation Administration Act the operational source for the interest rate, compounding rules where applicable, and related procedural provisions.
Confidentiality obligations. The note under s 9 states explicitly that persons who acquire information under this Act are subject to the confidentiality obligations and exceptions in Division 355 in Schedule 1 to the Taxation Administration Act 1953. That means information collected during levy administration is handled under the Taxation Administration Act’s secrecy and disclosure regime.
Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991
Source of levy. The Act does not itself set the levy quantum. Instead, it defines the levy as that imposed by the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991 (s 15DAA). Liability, collection and enforcement mechanisms in this Act operate against the levy established by that separate imposition Act.
Superannuation Industry (Supervision) Act 1993
Definition alignment. The Act imports the meaning of "self managed superannuation fund" from subsection 10(1) of the SIS Act 1993 (s 15DAA). That alignment ensures the levy’s coverage mirrors the regulatory definition used for prudential and supervisory purposes, making status assessments and disputes likely to turn on SIS Act criteria.
Administrative Review Tribunal Act 2024
Review procedure cross‑reference. The Act creates reviewable decisions under s 15DF and prescribes a reconsideration procedure. It then expressly links to specific procedural provisions of the Administrative Review Tribunal Act 2024. Section 16(8) provides that, if a request for reconsideration is made, section 32 of the Tribunal Act 2024 applies as if the request were an application to the Tribunal. Section 16(9) restricts making certain orders under subsection 32(2) of the Tribunal Act to the Tribunal itself. Section 16(10) modifies section 69 of the Tribunal Act by providing for private hearings in proceedings relating to reviewable decisions where the applicant requests privacy. These citations mean tribunal review rights and procedural rules for judicial or administrative oversight are governed by the Tribunal Act, as modified by the Act.
Continuation of decisions pending review. The Act’s cross‑references to the Tribunal Act indicate that a reviewable decision continues to operate unless the Tribunal orders otherwise, and that orders concerning reviewable decisions must be made by the Tribunal under the Tribunal Act’s procedures as applied (s 16(8), (9)).
Crown law and state/territory statutes
Binding the Crown. Section 3A binds the Crown in right of the Commonwealth and the States and specified territories, bringing Crown entities within the Act’s remit in terms of civil obligations.
Exemption‑blocking rule. Section 15DH states that nothing in a law passed before the commencement of that section exempts a person from liability to levy. It also provides that subsequent laws that purport to exempt persons from liability to pay Commonwealth taxes or to pay certain taxes that include levy, do not operate to exempt the person unless the law expressly exempts liability to pay levy. This clause directly affects the interplay between Commonwealth levy liability and state or territorial enactments or other Commonwealth statutes that purport to create tax exemptions; absent explicit reference to levy, such purported exemptions do not remove levy obligations.
Regulations made under this Act
Delegation to subordinate instruments. Section 22 empowers the Governor‑General to make regulations necessary for giving effect to the Act, and explicitly lists regulations for exemptions and remissions, manner of payment, and refund treatment (s 22(e), (f), (g)). Those regulations will determine procedural and substantive details that interact with the Act, such as payment methods, timelines, application procedures for exemptions and remissions, and refund processing for overpayments.
Inter‑statutory dependencies in practice
Determining fund status. The levy’s application requires reference to the SIS Act for fund status and to the Tax Act for the year of income definition (s 15DAA; s 3). The year of income is defined with reference to the Tax Act as the year of income of the fund that commenced on 1 July 1986 or a subsequent year of income (s 3). Therefore, an assessment of whether the fund was an SMSF in a particular year involves cross‑checking SIS Act criteria and taxation year definitions.
Procedural timelines and tribunal interaction. Reconsideration requests and tribunal review operate across the Act and the Tribunal Act, with the Act specifying that reconsideration requests are treated as Tribunal applications for certain purposes. This means procedural rights and remedies follow the Tribunal Act’s regime, subject to the modifications stated in s 16.
Overall, the Act functions as an interlocking element within the Commonwealth tax and superannuation statute book. It imports definitions and enforcement tools from the Taxation Administration Act and the SIS Act, relies on a separate Imposition Act for the levy quantum, and uses the Administrative Review Tribunal Act 2024 for review and appeal pathways. The Act also uses regulation‑making powers to defer many operational details to subordinate legislation.
Amendment history
The source text presented contains internal cross‑references to several other Acts and years, but does not include a formal schedule of amendments or an explicit legislative history in the text provided. The passages and cross‑references that appear in the Act as supplied show the statutory structure at a particular state and reveal some points that suggest prior legislative change, but the source itself does not set out amendment dates, amending Acts, or a chronology. The material in the text does however include a number of embedded references to other statutes and later Acts, which are useful markers for tracing legislative development via external sources, but those external materials are not reproduced here.
Points from the Act text relevant to amendment tracing, as it stands
References to other statutes and years. The Act refers to the Taxation Administration Act 1953 for the general interest charge and for confidentiality obligations in Division 355 in Schedule 1 (note under s 9; s 15DAA; s 15DC). It imports the definition of self managed superannuation fund from subsection 10(1) of the Superannuation Industry (Supervision) Act 1993 (s 15DAA). It defines the levy as that imposed by the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991 (s 15DAA). It also contains procedural references to the Administrative Review Tribunal Act 2024 for tribunal review mechanics (s 16). Those cross‑references show how the Act sits within a network of Commonwealth statutes enacted across multiple years, but do not themselves indicate when this Act was amended.
Commencement via proclamation. Section 2 provides that the Act comes into operation on a day fixed by proclamation. That feature often generates multiple commencement dates in practice, but the text provided does not record any specific proclamation date or subsequent commencement variations.
Newly inserted or modified procedural provisions. The inclusion of explicit references to the Administrative Review Tribunal Act 2024 in s 16 suggests the Act has been modernised to integrate with that Tribunal Act. The source text as presented contains no legislative annotations to indicate whether those references were in the original text or inserted by amendment; the presence of a 2024 Act citation at least confirms modifications to interact with that Tribunal‑level regime, but the Amendment history is not stated in the Act excerpt.
Exempting laws ineffective provision. Section 15DH, which declares that past or certain future laws cannot be construed to exempt persons from levy liability unless they expressly do so, is an example of a provision that may have been introduced or amended in response to perceived interaction problems with other statutes. The source text does not indicate when s 15DH was enacted or amended.
Administrative and confidentiality cross‑reference note. The note under s 9, directing readers to confidentiality obligations in the Taxation Administration Act 1953, indicates how the Act’s administration was intended to interlock with existing tax administration practices. Whether this note or an associated provision is original or later added is not specified in the provided text.
What the source does and does not provide
The source provides no formal list of amendments, no dates of amendment, no identification of amending Acts, and no annotation history. It therefore does not supply an authoritative legislative timeline.
To build a complete amendment history you would need to consult legislative records, the repository of amending Acts, and parliamentary databases that track changes to the Act over time. The Act text supplied contains cross‑references that are necessary when doing that tracking, but the text alone does not provide the amendment ledger.
Practical implication for users
Relying solely on the supplied Act text will not reveal when particular provisions were added or changed. Legal practitioners, compliance officers and researchers who need the precise amendment timeline, the text of earlier versions for interpretive context, or the legislative intent recorded in explanatory memoranda, must consult the official consolidated Act as maintained by the government, parliamentary amendment histories, or an authorised statutory compilation that lists amendment dates and sources. The Act as provided however identifies the operative provisions currently in place, their interdependencies with other statutes, and the delegation to regulations for operational detail.
In short, the supplied source contains the operative provisions and cross‑references but does not itself document amendment events. Users requiring a chronological amendment history will need to consult external legislative records and consolidated statute services.
Litigation history
The text supplied contains no reported cases, judicial decisions, or litigation references. It cites other statutes and specifies administrative review rights to the Administrative Review Tribunal under the Administrative Review Tribunal Act 2024, but does not record any litigation or tribunal outcomes. Consequently, the Act excerpt does not provide a litigation history or precedent guidance.
What is in the text about dispute resolution and review, which is relevant to litigation practice
Internal reconsideration. Trustees affected by a reviewable decision of the Commissioner may request reconsideration within 21 days after receiving notice of the decision, or within a further period allowed by the Commissioner. The request must set out reasons, and upon receipt the Commissioner shall reconsider and may confirm, revoke or vary the decision (s 16(1)-(3)). If the Commissioner does not act within 21 days, the decision is deemed confirmed (s 16(4)). Where the Commissioner confirms, revokes or varies a decision before expiration of that period, the Commissioner must notify the applicant of the results and reasons (s 16(5)).
Tribunal review. Applications may be made to the Administrative Review Tribunal for review of decisions of the Commissioner that have been confirmed or varied under subsection 16(3) (s 16(6)). The Act then applies certain provisions of the Administrative Review Tribunal Act 2024 to requests for reconsideration, including treating a request as if it were an application to the Tribunal for certain purposes, limiting orders that may be made under a specific paragraph of the Tribunal Act, and providing that hearings on reviewable decisions are to be in private if the applicant requests privacy (s 16(8)-(10)). These procedural provisions define the available administrative and quasi‑judicial review pathways for disputes arising under the Act.
Notices and statements. Section 17 requires that notices of reviewable decisions include statements setting out trustees’ rights to seek reconsideration and to apply to the Tribunal, and requires similar statements when the Commissioner confirms or varies a decision on reconsideration. Importantly, s 17(3) states that failure to include the prescribed statements does not affect the validity of the decision, which has implications for procedural challenge strategies.
Limitations and implications for litigation research
No judicial materials included. Because the supplied Act excerpt contains no case law, practitioners assessing the legal landscape must search courts and tribunal databases for decisions interpreting the levy collection provisions, the meaning of "trustee" in particular contexts, the application of joint and several liability under s 15DA(2), the exercise of remission powers under s 15DF, and procedural questions raised by the deemed confirmation rule in s 16(4).
Issues likely to generate litigation. Based on the Act’s provisions, litigation points that may arise and thus are relevant for court or tribunal research include the correct interpretation of the nexus between SMSF status in a given year and trustee status on the due date for liability, the validity and timing of Commissioner notices under s 15DB(1A), the Commissioner’s exercise of remission powers, the application of the general interest charge, and procedural matters under the Administrative Review Tribunal Act 2024 as applied by s 16.
Action for practitioners
Because the Act excerpt contains no litigation history, practitioners should not rely on it for precedent. Instead, they should search the Administrative Review Tribunal and court decisions for cases interpreting these provisions and cross‑referenced Acts, and they should check consolidated legislation services for any annotations, editorial notes or legislative history that may indicate prior disputes or judicial interpretation of the Act.
In sum, the supplied text does not include litigation history. It provides the statutory review and appeal routes but does not report outcomes or interpretive guidance from courts or tribunals.
Gotchas
The Act appears compact, but several features create practical traps for trustees, practitioners and administrators. These are concrete procedural and legal risks that follow from the text.
Trustee status on the due date controls liability
Dual temporal test. Liability requires both that the fund was an SMSF at any time during the year of income and that the trustee be a trustee on the day the levy becomes due and payable (s 15DA). The result is that a trustee who ceased to be a trustee before the Commissioner’s due date may avoid liability even if they were trustee during the year, while a trustee who became trustee late and was in office on the due date may be liable even if they were not trustee for most of the year. Practitioners must carefully track trustee appointments and retirements relative to levy due dates.
Joint and several exposure among trustees
Recovery risk. Where multiple trustees exist on the due date, trustees are jointly and severally liable for the levy (s 15DA(2)). A trustee with limited assets can be pursued for the entire levy amount by the Commissioner, shifting recovery risk internally. Trustees should be alert to indemnity and contribution rights among co‑trustees and document these arrangements.
Commissioner notice and minimum notice period
Short statutory minimum. The Commissioner may specify a due date in a written notice to a trustee, but the specified day must not be earlier than 21 days after notice is given (s 15DB(1A), (2)). That 21 day floor is short relative to many payment cycles, and Commissioners could use notices to accelerate collection, subject to the statutory minimum. Trustees should monitor communications from the Commissioner and maintain capacity to respond within that period.
Deemed confirmation of decisions on administrative inaction
Time limit on Commissioner reconsideration. When trustees request reconsideration, the Commissioner must act within 21 days or the decision is deemed confirmed (s 16(4)). That rule removes indefinite procedural delay as a defence, but also means that if a trustee wants to prevent operation of the decision they must seek Tribunal relief promptly. Trustees must be strategic about whether to press for Commissioner action or to move immediately to Tribunal.
Omission of prescribed statement does not invalidate decisions
No procedural veto. Notices of reviewable decisions must include statements informing trustees of reconsideration and tribunal rights, but failure to include those statements does not affect the decision’s validity (s 17(3)). Trustees cannot rely on an omission of explanatory text to invalidate a decision. The practical effect is that procedural notification defects are limited in remedial scope.
General interest charge applied inclusive of accrued interest
Interest on interest. The general interest charge applies to unpaid levy and unpaid general interest charge as expressed in s 15DC(b)(ii). Practically, interest accrues on unpaid interest where the amounts remain unpaid, increasing liability for late payers. Trustees should address arrears promptly.
Remission power is discretionary and not bounded in text
Unspecified criteria. Section 15DF grants the Commissioner power to remit whole or part of a levy amount, but the Act does not specify criteria or procedures for exercising this power (s 15DF). Practice will be driven by Commissioner policy and regulations. Trustees seeking remission must prepare to present reasons and evidence but cannot rely on a statutory standard within this Act.
Regulatory delegation for key operational elements
Subordinate instruments control many details. The Act delegates critical operational matters to regulation, including the due date in some cases, exemptions and remissions, payment manner, and refund treatments (s 15DB; s 22(e), (f), (g)). Absent those regulations, the Act provides limited guidance. Practitioners must consult the regulations to advise on precise obligations and processes.
Narrow escape routes. Section 15DH removes the possibility of relying on earlier laws to exempt levy liability, and constrains later laws that purport to exempt persons from Commonwealth taxes to not operate to exempt levy unless they expressly mention levy (s 15DH). This provision can frustrate attempts to rely on other statutory regimes for exemption, requiring explicit legislative language for relief.
Crown bound but not criminally prosecutable
Enforcement against Crown limited. The Act binds the Crown in right of Commonwealth and States (s 3A(1)), but expressly excludes prosecution of the Crown for an offence (s 3A(2)). This may affect recovery options and enforcement strategies when funds are linked to Crown entities; criminal sanctions are not available against the Crown under this Act.
Tribunal procedure modifications
Special Tribunal rules. The Act modifies the operation of the Administrative Review Tribunal Act 2024 for reviewable decisions, including that a request for reconsideration is to be treated as an application to the Tribunal for specified purposes, that certain orders may only be made by the Tribunal, and that hearings may be private on request (s 16(8)-(10)). Practitioners must consider these modified procedural settings when preparing applications and choosing litigation tactics.
No criminal penalty provisions in the text supplied
Limited to civil enforcement. The Act as supplied does not create or provide for criminal offences or specify penalty amounts, aside from exclusion of Crown prosecution (s 3A(2)). Enforcement is focused on civil recovery, interest and administrative processes. Practitioners should not assume criminal sanctions under this Act unless they appear in other statutes.
Record‑keeping and proof issues implicit but not specified
Evidence of fund status and trustee office. The Act’s liability rules make proof of SMSF status during the year and trustee status on the due date central to disputes. The Act does not prescribe documentary requirements, so trustees should retain contemporaneous records that demonstrate fund status and trustee appointments to support defences or remission applications.
These "gotchas" are concrete practical issues that follow from the Act’s text. Trustees and advisers should manage trustee appointment timing, monitor Commissioner notices, maintain documentary evidence of fund and trustee status, respond within statutory windows for reconsideration, and consult the regulations and Commissioner guidance to understand payment mechanics and remission practices.
How to comply
The Act sets a short compliance checklist for trustees of self managed superannuation funds and for practitioners advising them. Compliance must be oriented to the Act’s timing, notice, payment, and dispute processes, and must be coordinated with obligations and definitions in the Taxation Administration Act and the SIS Act as cross‑referenced.
Identify SMSF status and key dates
Confirm fund status under the SIS Act. Determine whether the superannuation entity qualifies as a self managed superannuation fund under subsection 10(1) of the Superannuation Industry (Supervision) Act 1993, because the levy applies only to funds meeting that statutory definition (s 15DAA).
Determine relevant year of income. The Act treats year of income as the year of income for the fund for Tax Act purposes, commencing on 1 July 1986 or subsequent years. Use the Tax Act’s rules to identify the relevant year(s) for levy application (s 3).
Track trustee appointments and cessations. Because liability depends on trustee status on the day the levy becomes due and payable, keep precise records of trustee appointment and removal dates to establish who will be liable on the due date (s 15DA).
Monitor notices and regulatory dates
Check regulations for default due dates. The due date for levy payment may be set by regulation for the purpose of s 15DB. Consult the relevant regulations to identify the standard payment calendar (s 15DB(1)).
Monitor Commissioner notices. The Commissioner may specify a due date in a written notice to a trustee, subject to a minimum 21 day period between notice and the specified day (s 15DB(1A), (2)). Trustees should maintain reliable channels to receive notices from the Commissioner and check the contents promptly.
Respond within statutory windows. If you receive notice of a reviewable decision, note that you have 21 days from the day you first receive notice to request reconsideration (s 16(1)). If you intend to seek relief or challenge a decision, prepare and serve the reconsideration request with reasons within that period, or obtain the Commissioner’s permission for a further period.
Payment and arrears management
Pay by the prescribed date. Ensure payment for the levy is credited by the date specified by regulation or in a Commissioner notice. Late payment triggers the general interest charge under Part IIA of the Taxation Administration Act 1953 (s 15DC).
Address unpaid amounts promptly. Because GIC accrues daily and can be charged on both unpaid levy and unpaid interest, clear arrears quickly or engage with the Commissioner about remission to avoid compounding exposure (s 15DC).
Apply for relief where appropriate
Seek remission from the Commissioner. The Commissioner may remit the whole or part of a levy amount (s 15DF). Assemble factual evidence and legal submissions to support a remission application, and verify whether regulations set out procedures or criteria for remission (s 22(e)).
Consider regulation‑based exemptions and remissions. Section 22 empowers regulations to provide for exemptions and remissions. Consult the regulations to determine whether any prescribed exemptions or remission schemes apply to the fund or trustees (s 22(e)).
Prepare for review and tribunal steps
Include reasons in reconsideration requests. A request for reconsideration must set out reasons (s 16(2)). Prepare a structured reasons statement summarising factual errors, legal arguments, and supporting evidence to maximise the chance of favourable reconsideration.
Be aware of deemed confirmation. If the Commissioner does not confirm, vary or revoke the decision within 21 days from receipt of the reconsideration request, the decision is deemed confirmed (s 16(4)). If the trustee seeks to stay the operation of the decision, consider prompt Tribunal engagement or seek urgent relief under the Tribunal Act as applicable.
Know the Tribunal interface. If dissatisfied after reconsideration, trustees may apply to the Administrative Review Tribunal for review of confirmed or varied decisions (s 16(6)). Treat a reconsideration request as having procedural effects under the Tribunal Act where s 16(8) applies. Consider whether to request a private hearing where permitted under s 16(10).
Documentation and record retention
Maintain documentary proof of trustee status and fund classification. Because the levy depends on SMSF status during the year and trustee status on the due date, keep minutes, trustee appointment instruments, notices of resignation and other records that establish these facts.
Retain communications and notices. Keep copies of all Commissioner notices, reconsideration requests, responses, and any remission applications or decisions, because procedural timing and content are critical under s 15DB and s 16.
Coordinate with related statutory regimes
Align with Taxation Administration Act obligations. Understand how the general interest charge is calculated under Part IIA of the Taxation Administration Act 1953 and apply those calculations to potential arrears (s 15DC).
Ensure compliance with confidentiality rules. Persons who acquire information under the Act are subject to secrecy and disclosure rules in Division 355 of Schedule 1 to the Taxation Administration Act 1953; ensure staff and advisers adhere to those obligations when handling levy information (note under s 9).
Practical compliance checklist for trustees
Confirm SMSF status for the relevant year (s 15DAA).
Keep up to date with regulations specifying standard due dates and payment methods (s 15DB; s 22).
Monitor for Commissioner notices specifying a due date and act within any 21 day minimum notice period (s 15DB(1A), (2)).
Pay levy by the prescribed date or engage immediately with the Commissioner if payment issues arise to avoid GIC accrual (s 15DC).
If a reviewable decision is received, prepare and lodge a reconsideration request with reasons within 21 days, and decide whether to seek Tribunal review if the outcome is unfavourable (s 16).
Document trustee appointments and cessations and retain all correspondence and records to support status and timing arguments (s 15DA; s 3).
Consider remission or regulatory exemptions, prepare evidence and apply to the Commissioner, and check the regulations for prescribed exemption/remission processes (s 15DF; s 22(e)).
Where multiple trustees exist, review internal indemnities and contribution arrangements because each trustee may be liable for the full levy (s 15DA(2)).
Keep advisers informed of Tribunal procedures and privacy options under s 16(10) if litigation is contemplated.
Implementing these steps, and consulting the Act together with the relevant regulations and the cross‑referenced statutes, is the practical route to compliance. Because many operational elements are delegated to the regulations and the Commissioner’s policies, trustees and advisers should consult those instruments and the Commissioner’s published guidance for detailed payment mechanisms, remission criteria and procedural forms.
general interest charge means the charge worked out under Part IIA of the Taxation Administration Act 1953.
levy means the levy imposed by the Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991.
self managed superannuation fund has the meaning given by subsection 10(1) of the Superannuation Industry (Supervision) Act 1993.
superannuation entity has the meaning given by the Superannuation Industry (Supervision) Act 1993.
15DA Who is liable to pay levy
15DA Who is liable to pay levy
(1) An entity is liable to pay a levy for a year of income in respect of a superannuation entity if:
(a) the superannuation entity is a self managed superannuation fund at any time during the year of income; and
(b) on the day on which the levy becomes due and payable (see section 15DB), the entity is a trustee of the superannuation entity.
(2) If, on that day, there is more than one trustee of the superannuation entity, those trustees are jointly and severally liable to pay the levy for that year of income in respect of the superannuation entity.
15DB When levy due for payment
15DB When levy due for payment
(1) Levy payable for a year of income in respect of a superannuation entity is due and payable on the day specified in the regulations for the purposes of this subsection.
(1A) Without limiting subsection (1), the regulations may provide that levy is due and payable on a day specified in a written notice given to a trustee of the superannuation entity by the Commissioner of Taxation.
(2) The specified day must not be earlier than 21 days after the day on which the notice is given.
15DC General interest charge
15DC General interest charge
If an amount of levy payable by a person remains unpaid after the time by which it is due and payable, the person is liable to pay the general interest charge on the unpaid amount for each day in the period that:
(a) starts at the beginning of the day on which the amount of levy was due to be paid; and
(b) ends at the end of the last day on which, at the end of the day, any of the following remains unpaid:
(i) an amount of levy;
(ii) general interest charge on an amount of levy.
Note: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953.
15DF Remission of levy
15DF Remission of levy
The Commissioner of Taxation may remit the whole or a part of an amount of levy.
15DH Exempting laws ineffective
15DH Exempting laws ineffective
(1) Nothing in a law passed before the commencement of this section exempts a person from liability to levy.
(2) A law, or a provision of a law, passed after the commencement of this section that purports to exempt a person from liability to pay taxes under laws of the Commonwealth or to pay certain taxes under those laws that include levy, other than a law or a provision that expressly exempts a person from liability to pay levy, is not to be construed as exempting the person from liability to pay levy.
Part IV Miscellaneous
Part IV—Miscellaneous
16 Review of certain decisions
16 Review of certain decisions
(1) The trustees of a fund or unit trust that is affected by a reviewable decision of the Commissioner of Taxation may, if dissatisfied with the decision, by notice given to the Commissioner of Taxation within the period of 21 days after the day on which the trustees of the fund or unit trust first receive notice of the decision, or within such further period as the Commissioner of Taxation allows, request the Commissioner of Taxation to reconsider the decision.
(2) There shall be set out in the request reasons for making the request.
(3) Upon receipt of the request, the Commissioner of Taxation shall reconsider the decision and may, subject to subsection (4), confirm or revoke the decision or vary the decision in such manner as the Commissioner of Taxation thinks fit.
(4) Where the Commissioner of Taxation does not confirm, revoke or vary a decision before the expiration of the period of 21 days after the day on which the Commissioner of Taxation received the request under subsection (1) to reconsider the decision, the Commissioner of Taxation shall, upon the expiration of that period, be deemed to have confirmed the decision under subsection (3).
(5) Where the Commissioner of Taxation confirms, revokes or varies a decision before the expiration of the period referred to in subsection (4), the Commissioner of Taxation shall, by notice served on the applicant, inform the applicant of the result of the reconsideration of the decision and the reasons for confirming, varying or revoking the decision, as the case may be.
(6) Applications may be made to the Administrative Review Tribunal for review of decisions of the Commissioner of Taxation that have been confirmed or varied under subsection (3).
(8) If a request is made under subsection (1) in respect of a reviewable decision, section 32 (reviewable decision continues to operate unless Tribunal orders otherwise) of the Administrative Review Tribunal Act 2024 applies as if the making of the request were the making of an application to the Tribunal for a review of that decision.
(9) An order must not be made under subsection 32(2) of the Administrative Review Tribunal Act 2024 in respect of a reviewable decision except by the Administrative Review Tribunal.
(10) Despite section 69 (hearings to be in public unless practice directions or Tribunal order requires otherwise) of the Administrative Review Tribunal Act 2024, the hearing of a proceeding relating to a reviewable decision before the Administrative Review Tribunal is to be in private if the party who made the application requests that it be in private.
17 Statements to accompany notification of decisions
17 Statements to accompany notification of decisions
(1) Where notice in writing is given to the trustees of a fund or unit trust affected by a reviewable decision that the reviewable decision has been made, that notice shall include a statement to the effect that:
(a) the trustees may, if dissatisfied with the decision, seek a reconsideration of the decision by the Commissioner of Taxation in accordance with subsection 16(1); and
(b) the trustees may, subject to the Administrative Review Tribunal Act 2024, if dissatisfied with a decision made by the Commissioner of Taxation upon that reconsideration confirming or varying the first‑mentioned decision, make application to the Administrative Review Tribunal for review of the decision so confirmed or varied.
(2) Where the Commissioner of Taxation confirms or varies a reviewable decision under subsection 16(3) and gives to the trustees of a fund or unit trust notice in writing of the confirmation or variation of the decision, that notice shall include a statement to the effect that the trustees or the person may, subject to the Administrative Review Tribunal Act 2024, if dissatisfied with the decision so confirmed or varied, make application to the Administrative Review Tribunal for review of the decision.
(3) Any failure to comply with the requirements of subsections (1) and (2) in relation to a reviewable decision or a decision under subsection 16(3) does not affect the validity of that decision.
22 Regulations
22 Regulations
(1) The Governor‑General may make regulations, not inconsistent with this Act, prescribing matters:
(a) required or permitted by this Act to be prescribed; or
(b) necessary or convenient to be prescribed for carrying out or giving effect to this Act;
and, in particular:
(e) providing for exemptions from levy and for remissions of levy; and
(f) providing for the manner of payment for levy and other amounts payable to the Commonwealth under this Act; and
(g) providing for the refund (or other application) of overpayments.