Document ID: chunk:federal_register_of_legislation:C2004A00972:clause:2_2
Version: federal_register_of_legislation:C2004A00972
Segment Type: clause
Provision Reference: sch 2 cl 2
Character Range: 7678–8585

2  Subsection 9(2)
Repeal the subsection, substitute:

 (2) Levy payable under subsection 8(6) for a financial year by a trustee of a superannuation entity is due and payable:
 (a) if the entity is a superannuation entity on 1 July of the financial year and became a superannuation entity before that day—on a business day that:
 (i) is specified in a notice given by APRA to the trustee on or after the day on which a return under section 36 of the Superannuation Industry (Supervision) Act 1993 that relates to the previous financial year was received by APRA; and
 (ii) is not earlier than 6 weeks after the day on which the notice is given; or
 (b) if the entity becomes a superannuation entity on or after 1 July of the financial year—on a business day that:
 (i) is specified in a notice given by APRA to the trustee; and
 (ii) is not earlier than 6 weeks after the day on which the notice is given.