Superannuation Legislation Amendment (MySuper Measures) Regulation 2013 (155 of 2013)

Schedule 1   Amendments relating to MySuper

Superannuation Industry (Supervision) Regulations 1994

102   Regulations 11.07 and 11.07AA

Repeal the regulations, substitute:

11.07 Operating standard - disclosure of certain information (funds other than self managed superannuation funds)

(1) This standard:

(a) is made for subsections 31(1), 32(1) and 33(1) of the Act; and

(b) applies to a superannuation entity other than a self managed superannuation fund.

(2) The trustee of the entity must give written notice to the Regulator of any change in the following:

(a) the name of the entity;

(b) the postal address, registered address or address for service of notices of the entity;

(c) details of the contact person for the entity, and contact telephone and facsimile numbers;

(d) the RSE licensee of the entity.

(3) The notice for subregulation (2) must be given:

(a) for a superannuation entity that is an eligible rollover fund - immediately after the change; or

(b) in any other case - within 28 days of the change.

(4) An RSE licensee who is an incoming trustee of the entity must give written notice of that fact to the Regulator.

(5) The notice for subregulation (4) must be given:

(a) as soon as practicable after the RSE licensee becomes a trustee of the entity; and

(b) no later than 5 days after the date on which the RSE licensee becomes a trustee of the entity.

(6) The trustee of the entity must give written notice to the Regulator of a decision or resolution:

(a) to wind up the entity; or

(b) to retire as a trustee of the entity.

(7) The notice for subregulation (6) must be given

(a) as soon as practicable after the making of the decision or resolution; and

(b) before the winding up has commenced or the trustee has retired.

(8) The trustee of the entity must give written notice to the Regulator of a change in class of the RSE.

(9) The notice for subregulation (8) must be given before, or as soon as practicable after, the change in the class.

11.07AA Operating standard - disclosure of certain information (self managed superannuation funds)

(1) This standard is made for subsection 31(1) of the Act.

(2) The trustee of a self managed superannuation fund must give written notice to the Regulator of any change in the following:

(a) the name of the fund;

(b) the postal address, registered address or address for service of notices of the fund;

(c) details of the contact person for the fund, and contact telephone and facsimile numbers;

(d) the membership of the fund;

(e) the trustees of the fund;

(f) the directors of the fund’s corporate trustee.

(3) The notice for subregulation (2) must be given:

(a) using the approved form; and

(b) within 28 days after the change.