Treasury Laws Amendment (Your Future, Your Super - Addressing Underperformance in Superannuation) Regulations 2021 (F2021L01077)

Schedule 1   Amendments

Superannuation Industry (Supervision) Regulations 1994

5   In the appropriate position in Part 14

Insert:

Division 14.27 - Transitional arrangements arising out of the Treasury Laws Amendment (Your Future, Your Super - Addressing Underperformance in Superannuation) Regulations 2021

14.28 Arrangements

(1) The amendments made by this Schedule apply:

(a) in relation to MySuper products - on and after 1 July 2021; and

(b) in relation to other Part 6A products - on and after 1 July 2022.

(2) If the financial year mentioned in subparagraph 9AB.6(1)(a)(ii) is the 2020-21 financial year, treat the reference in that subparagraph to 7 years as instead being a reference to 6 years.