Treasury Laws Amendment (Your Future, Your Super) Act 2021 (46 of 2021)

Schedule 1   Single default account

Part 2   Consequential amendments

Superannuation Act 2005

29   After subsection 14(4)

Insert:

(4A) For the purposes of subparagraph (4)(a)(iv), the provisions are:

(a) subsection 32C(2) or (6) of the Superannuation Guarantee (Administration) Act 1992; or

(b) subsection 32C(2AB) of that Act in a case where subparagraph 32C(2AB)(b)(i) or (ii) of that Act applies.

Note: Subsection 32C(2), or paragraph 32C(6)(g) or (h), of that Act can only be relied on if the most recent notification from the Commissioner is that there is no stapled fund for the person.