Superannuation Auditor Registration Imposition Act 2012

No. 161, 2012

An Act to impose fees on certain matters relating to auditors of self managed superannuation funds, and for related purposes

Contents

1 Short title

2 Commencement

3 Imposition of fees

4 Amount of fees

5 Regulations

Superannuation Auditor Registration Imposition Act 2012

No. 161, 2012

An Act to impose fees on certain matters relating to auditors of self managed superannuation funds, and for related purposes

[Assented to 28 November 2012]

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the Superannuation Auditor Registration Imposition Act 2012.

2  Commencement

  This Act commences on 31 January 2013.

3  Imposition of fees

  Fees payable in accordance with section 128L of the Superannuation Industry (Supervision) Act 1993 are imposed.

4  Amount of fees

 (1) The amounts of those fees are prescribed by the regulations.

 (2) The regulations may prescribe such a fee:

 (a) by prescribing an amount (not exceeding $1,000) as the fee; or

 (b) by prescribing a method for calculating the amount (not exceeding $1,000) of the fee.

 (3) The regulations may prescribe different amounts for different kinds of matters mentioned in an item in column 1 of the table in subsection 128L(1) of the Superannuation Industry (Supervision) Act 1993.

5  Regulations

  The Governor‑General may make regulations for the purposes of section 4.

 [Minister’s second reading speech made in—

House of Representatives on 19 September 2012

Senate on 30 October 2012]