Commonwealth Consolidated Acts

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SUPERANNUATION LEGISLATION AMENDMENT (FURTHER MYSUPER AND TRANSPARENCY MEASURES) ACT 2012 - SCHEDULE 8

Other amendments

 

Superannuation Guarantee (Administration) Act 1992

1   Subsection   6(1)

Insert:

"MySuper member" has the same meaning as in the Superannuation Industry (Supervision) Act 1993 .

Superannuation Industry (Supervision) Act 1993

2   Subsection   10(1) (definition of buy - sell spread )

Repeal the definition, substitute:

"buy-sell spread" has the meaning given by subsection   29V(4).

3   Subsection   10(1)

Insert:

"MySuper member" : A member of a regulated superannuation fund is a MySuper member of the fund if the member holds a beneficial interest in the fund of a class that the RSE licensee of the fund is authorised to offer as a MySuper product .



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