1
Short title [see Note 1]
1 Short title [see Note 1]
This Act may be cited as the Superannuation Supervisory Levy Determination Validation Act 2000.
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Commonwealth act
This Act has been repealed and is no longer in force. It is retained for historical reference.
This Act retrospectively validates the August 1998 decision setting the superannuation supervisory levy rate, confirming it was properly set and effective from 1 July 1998.
It affects superannuation funds that paid the levy and the agencies that collected it, removing legal uncertainty and the risk of refunds or disruption arising from the earlier procedural defect.
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Direct links to the current provisions in Superannuation Supervisory Levy Determination Validation Act 2000.
This Act may be cited as the Superannuation Supervisory Levy Determination Validation Act 2000.
This Act commences on the commencement of Part 1 of Schedule 12 to the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 2000.
In this Act:
Imposition Act means the Superannuation Supervisory Levy Imposition Act 1998.
(1) This section applies to a determination that was purportedly made under subsection 7(3) of the Imposition Act on 11 August 1998, and was notified in the Gazette on 13 August 1998. (2) The determination is taken, despite subsection 12(2) of the Legislative Instruments Act 2003: (a) to have been made under subsection 7(3) of the Imposition Act; and (b) to have been effective on and at all times after 1 July 1998. (3) Despite paragraph (2)(b), the determination may be repealed, rescinded, revoked, amended or varied in accordance with subsection 33(3) of the Acts Interpretation Act 1901.
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
This Act may be cited as the Superannuation Supervisory Levy Determination Validation Act 2000.
This Act commences on the commencement of Part 1 of Schedule 12 to the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 2000.
In this Act:
Imposition Act means the Superannuation Supervisory Levy Imposition Act 1998.
(1) This section applies to a determination that was purportedly made under subsection 7(3) of the Imposition Act on 11 August 1998, and was notified in the Gazette on 13 August 1998. (2) The determination is taken, despite subsection 12(2) of the Legislative Instruments Act 2003: (a) to have been made under subsection 7(3) of the Imposition Act; and (b) to have been effective on and at all times after 1 July 1998. (3) Despite paragraph (2)(b), the determination may be repealed, rescinded, revoked, amended or varied in accordance with subsection 33(3) of the Acts Interpretation Act 1901.