Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The regulations may make such provision as is necessary for the purpose of:
(a) enabling:
(i) the Fund; and
(ii) any other scheme or arrangement established by or under this Act that provides for the payment of benefits;
to satisfy any condition or requirement specified in or under an eligible regulatory law that is capable of applying in relation to the Fund, or the scheme or arrangement, as the case may be; or
(b) ensuring that an employer does not have an individual superannuation guarantee shortfall (within the meaning of the Superannuation Guarantee (Administration) Act 1992 ) in relation to a person in respect of the period, or any part of the period, during which the person is an eligible employee.
(2) If regulations made for the purposes of subsection (1) are inconsistent with a provision of this Act, the regulations prevail and that provision, to the extent of the inconsistency, is of no effect.
(3) In this section:
"eligible regulatory law" means:
(a) the SIS Act; or
(b) the Superannuation (Excluded Funds) Taxation Act 1987 (including a repealed provision of that Act which continues to apply because of the Taxation Laws Amendment (Superannuation) Act 1992 or the Occupational Superannuation Standards Amendment Act 1993 ); or
(ba) the Financial Institutions Supervisory Levies Collection Act 1998 ; or
(c) Division 3 of Part 7.10A of the Corporations Act 2001 ; or
(ca) the Superannuation (Unclaimed Money and Lost Members) Act 1999 ; or
(cb) the Family Law Act 1975 ; or
(d) the Income Tax Assessment Act 1936 or the Income Tax Assessment Act 1997 .