taxation

Regulations have been registered to remake and improve the Superannuation (Self Managed Superannuation Funds) Taxation Regulations 1999 and ensure their effect continues.

The Superannuation (Self Managed Superannuation Funds) Taxation Regulations 1999 (the 1999 Regulations) prescribed the timing for when the self managed super fund supervisory levy was due and payable.

The Superannuation (Self Managed Superannuation Funds) Taxation Regulations 2018 (the 2018 Regulations) remake and improve the 1999 Regulations by repealing redundant provisions, simplifying the provisions and adopting current drafting practices, such as referring to “sections” rather than “regulations”. The changes do not affect the substantive meaning or operation of the provisions.

The 2018 Regulations were registered on the Federal Register of Legislative Instruments as F2018L00606 on 14 May 2018. They commence on 1 July 2018.

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