Treasury Laws Amendment (2019 Measures No. 3) Act 2020 (64 of 2020)

Schedule 3   Miscellaneous amendments

Part 1   Amendments commencing day after Royal Assent

Superannuation Industry (Supervision) Act 1993

52   Paragraph 99G(1)(b)

Repeal the paragraph, substitute:

(b) a member of the fund:

(i) holds the product on the last day of a year of income of the fund and, on that day, has an account balance with the fund that relates to the product that is less than $6,000; or

(ii) holds the product on one or more days during a year of income of the fund and, on the last of those days, has an account balance with the fund that relates to the product that is less than $6,000.