Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Act 2012 (171 of 2012)

Schedule 4   Modern awards and enterprise agreements

Part 1   Amendments

Superannuation Industry (Supervision) Act 1993

12   At the end of Division 8 of Part 2C

Add:

29XC Public sector superannuation scheme ceases to be exempt

If APRA becomes aware that:

(a) a public sector superannuation scheme has ceased to be an exempt public sector superannuation scheme; and

(b) the scheme is not a regulated superannuation fund that offers a MySuper product;

APRA must notify Fair Work Australia of that fact.