Save Search

Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2012

Bill home page  


Download WordDownload Word


Download PDFDownload PDF

2010-2011-2012

 

The P arliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011

 

 

(1)     Schedule 1, page 3 (after line 2), after Part heading, insert:

Corporations Act 2001

1A  At the end of subsection 1017B(1A)

Add:

             ; and (c)  without limiting paragraph (a) or (b)—any replacement of a kind specified in regulations made for the purposes of this paragraph of a beneficial interest of a class that is a MySuper product with a beneficial interest of another class in a superannuation entity.

[flipping]

(2)     Schedule  1 , item  9 , page 12 (line 34) to page 13 (line 2) , omit paragraph 29TC ( 1 )( g ), substitute:

                     (g)  a beneficial interest of that class in the fund cannot be replaced with a beneficial interest of another class in the fund, unless the person who holds the interest consents in writing to that replacement no more than 30 days before it occurs; and

[flipping]

( 3 )     Schedule  1 , item  9 , page 13 (lines 6 to 8) , omit subparagraph 29TC ( 1 )( h )(i).

[flipping]

( 4 )     Schedule  1 , item  9 , page 13 (line 9) , omit “ otherwise ”.

[flipping]

(5)     Schedule 1, item 9, page 13 (line 12), after “new interest”, insert “no more than 30 days before it occurs”.

[flipping]