business.gov.au

Retirement Savings Accounts Levy - Australian Government

Description

You will need to pay this levy if you are the provider of retirement savings accounts.

A retirement savings account (RSA) is an account offered by banks, building societies, credit unions, life insurance companies and prescribed financial institutions (RSA providers). It is used for retirement savings and is similar to a superannuation fund.

Service type

Regulatory Obligation

An obligation defined in law. A business must comply with relevant services.

Eligibility requirements

Please contact the agency to identify any eligibility requirements.

Duration

This levy must be paid annually.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

The amount you are required to pay is the sum of the restricted levy component and the unrestricted levy component for the financial year.

Forms

Act(s) name

Retirement Savings Account Providers Supervisory Levy Imposition Act 1998 Australian Government

Regulation(s) name

Australian Prudential Regulation Authority Supervisory Levies Determination 2020 Australian Government

Administering agency

Australian Prudential Regulation Authority

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.