Superannuation (Financial Assistance Funding) Levy and Collection Amendment Regulation 2013 (No.   )1
Select Legislative Instrument 2013 No.   
I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Superannuation (Financial Assistance Funding) Levy Act 1993 and the Financial Institutions Supervisory Levies Collection Act 1998.
Dated	2013

Governor-General
By Her Excellency’s Command
WILLIAM RICHARD SHORTEN
Minister for Financial Services and Superannuation

1	Name of regulation
		This regulation is the Superannuation (Financial Assistance Funding) Levy and Collection Amendment Regulation 2013 (No.   ).
2	Commencement
		This regulation commences on the day after it is registered.
3	Amendment of Superannuation (Financial Assistance Funding) Levy and Collection Regulations 2005
		Schedule 1 amends the Superannuation (Financial Assistance Funding) Levy and Collection Regulations 2005.

Schedule 1	Amendment
(section 3)
[1]	After Part 6
insert
Part 7	Superannuation (Financial Assistance Funding) Levy No. 2012–2013: 1
24	Imposition of levy
	(1)	For subsection 6(1A) of the Levy Act, a levy is imposed on each fund that is not a levy-exempt fund.
	(2)	For subsection 6(2) of the Levy Act, the number of the levy is Superannuation (Financial Assistance Funding) Levy No. 2012–2013: 1.
25	Rate of levy
		For the definition of applicable rate in subsection 8(1) of the Levy Act, the rate of the levy applicable to a fund is 0.00002482.
26	Maximum and minimum amounts of levy
	(1)	For paragraph 6(3)(a) of the Levy Act, the maximum amount of levy is $750,000.
	(2)	For paragraph 6(3)(b) of the Levy Act, the minimum amount of levy is $50.
27	When levy due for payment
		For section 19 of the Collection Act, the levy payable by the trustee of a fund is due and payable:
	(a)	28 days after the commencement of this regulation; or
	(b)	if APRA determines a later day—on that later day.

Note
1.	All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.comlaw.gov.au.