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Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012

2010-2011-2012

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

 

 

 

 

 

Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012

 

No.      , 2012

 

 

 

 

 

A Bill for an Act to amend the law relating to superannuation, and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 3

Schedule 1—Trustee obligations                                                                                    4

Superannuation Industry (Supervision) Act 1993                                                 4

Schedule 2—Prudential standards                                                                             20

Part 1—Prudential standards                                                                                   20

Superannuation Industry (Supervision) Act 1993                                               20

Part 2—Consequential amendments                                                                     25

Superannuation Industry (Supervision) Act 1993                                               25

 



A Bill for an Act to amend the law relating to superannuation, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Act 2012 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1

1 July 2013.

1 July 2013

3.  Schedule 2, items 1 to 7

The day after this Act receives the Royal Assent.

 

4.  Schedule 2, item 8

The later of:

(a) immediately after the commencement of item 7 of Schedule 1 to the Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012 ; and

(b) the start of the day after this Act receives the Royal Assent.

 

5.  Schedule 2, items 9 to 33

The day after this Act receives the Royal Assent.

 

6.  Schedule 2, item 34

The later of:

(a) immediately after the commencement of item 9 of Schedule 1 to the Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012 ; and

(b) the start of the day after this Act receives the Royal Assent.

 

7.  Schedule 2, items 35 to 49

The day after this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.