The Superannuation (Financial Assistance Funding) Levy and Collection Amendment Regulation 2013 (No 1) was registered on Mon 18.3.2013 to impose a levy on regulated superannuation funds (other than self-managed super funds) to recoup the amount of financial assistance granted under Pt 23 of the SIS Act in relation to the collapse of Trio Capital Limited.
The Regulation sets an applicable rate of 0.00002497 of the value of the assets of the fund on 30 June 2012. A maximum levy amount of $750,000 (and minimum of $50) applies. APRA will provide funds with 60 days from the date of the invoice to pay the levy.
DATE OF EFFECT: The Regulation commences today [Tue 19.3.2013], ie the day after it was registered.
[LTN 53, 19/3/13]