Superannuation funds will pay a levy of two cents per $100 to cover the A$55 million in compensation the Federal Government will pay in connection with losses arising from the failure of Trio Capital.The assistant treasurer, Bill Shorten, announced the compensation via newspaper reports yesterday morning.The compensation covers investments made through three public-offer superannuation schemes managed by Trio and marketed under its earlier Astarra brand, as well as a fourth super scheme promoted by the Employers Federation of NSW.Investors in managed investment schemes operated by Trio, including funds invested through self-managed superannuation schemes, are not covered by the compensation scheme.In 2009, the Australian Securities and Investments Commission placed an urgent stop order on Trio Capital, formerly known as Astarra Capital, after fraudulent dealings in investors' funds came to light.The compensation worked out in the case of Trio sets a precedent that 100 per cent of investor losses - through APRA-supervised superannuation schemes - are now covered. Past compensation payments following superannuation fraud were capped at 90 per cent, according to Treasury.