Commonwealth Consolidated Acts

FAIR WORK ACT 2009 - SECT 156L

  (1)   In the 4 yearly review, the FWC must:

  (a)   make and publish the Schedule of Approved Employer MySuper Products ; and

  (b)   revoke any previous Schedule of Approved Employer MySuper Products.

Note:   If an employer MySuper product is on the schedule, an employer covered by a modern award can make contributions, for the benefit of a default fund employee, to a superannuation fund that offers the product (see subsection   149D(1A)).

  (2)   When the schedule is made, it must specify any employer MySuper product that the FWC has determined under section   156P is to be included on the schedule.

  (3)   After the schedule is made, it must be amended to specify any employer MySuper product that the FWC has determined under section   156P is to be included on the schedule.

Note:   The FWC must be constituted by an Expert Panel for the purposes of amending the schedule (see paragraph   617(5)(b)).

  (4)   If the schedule is amended as referred to in subsection   (3), the FWC must publish the schedule as amended.

  (5)   The schedule must not specify any other product.