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

Schedule 2   Addressing underperformance in superannuation

Part 1   Main amendments

Superannuation Industry (Supervision) Act 1993

5   Subsection 10(1)

Insert:

Part 6A product has the meaning given by section 60B.

resolution , of an entity, means the process by which APRA or other relevant persons manage or respond to the entity:

(a) being unable to meet its obligations; or

(b) being considered likely to be unable, or being considered likely to become unable, to meet its obligations; or

(c) suspending payment, or being considered likely to suspend payment;

including through the exercise of powers and functions under this Act or another law.