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

Schedule 3   Best financial interests duty

Part 1   Main amendments

Superannuation Industry (Supervision) Act 1993

22   Application - burden of proof in proceedings relating to duty to act in best financial interests of beneficiaries

The amendment made by item 20 of this Schedule applies to a contravention of subsection 54B(1) of the Superannuation Industry (Supervision) Act 1993 that occurs on or after the commencement of this item in relation to a covenant set out in paragraph 52(2)(c) of that Act, as amended by this Schedule.