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Superannuation Supervisory Levy Imposition Act 1998
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#### 5 Definitions
In this Act, unless the contrary intention appears:
> indexation factor means the indexation factor calculated under section 8.
> index number, in relation to a quarter, means the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the Australian Statistician in respect of that quarter.
> levy imposition day, in relation to a trustee of a superannuation entity for a financial year, means:
(a) if the superannuation entity is a superannuation entity on 1 July of the financial year—that day; or
(b) in any other case—the day, during the financial year, on which the superannuation entity becomes a superannuation entity.
> statutory upper limit means:
(a) for the financial year commencing on 1 July 2020—$10,000,000; or
(b) for a later financial year—the amount calculated by multiplying the statutory upper limit for the previous financial year by the indexation factor for the later financial year.
> superannuation entity means an entity that:
(a) is a superannuation entity within the meaning of the Superannuation Industry (Supervision) Act 1993; and
(b) is not a self managed superannuation fund within the meaning of that Act.
> trustee, in relation to a superannuation entity, means the person who is the trustee of the entity for the purposes of the Superannuation Industry (Supervision) Act 1993.
> unregulated entity at a particular time means:
(a) a fund, trust or scheme that, at that time, is not a superannuation entity within the meaning of the Superannuation Industry (Supervision) Act 1993; or
(b) a fund or scheme that, at that time, is a self managed superannuation fund within the meaning of that Act.