Superannuation Industry (Supervision) Act 1993

S 328 substituted by No 154 of 2007, s 3 and Sch 1 item 151, effective 24 September 2007.

Act No 154 of 2007, s 3 and Sch 1 item 294, contains the following saving provision:

294 Saving provision for section 328 exemptions (Superannuation Industry Supervision Act)  
(1)
This item applies to an exemption that was in force under section 328 of the Superannuation Industry (Supervision) Act 1993 immediately before that section was amended by this Act.

(2)
The exemption:

(a) continues in force after the commencement of the amendment, as if it were an exemption made under section 328 as amended; and

(b) may be varied or revoked by the Regulator under section 328 as amended.

(3)
An exemption to which subitem (2) does not apply ceases to have effect at the time the amendment of section 328 commences.

S 328 formerly read:

SECTION 328 REGULATOR ' S POWERS OF EXEMPTION - MODIFIABLE PROVISIONS  
328
The Regulator may, in writing, exempt a particular person or class of persons from compliance with any or all of the modifiable provisions.

S 328 amended by No 54 of 1998.