Superannuation Industry (Supervision) Amendment (Your Future, Your Super - Addressing Underperformance in Superannuation) Regulations 2023 (F2023L01063)

Schedule 1   Main amendments

Superannuation Industry (Supervision) Regulations 1994

18   After subregulation 9AB.5(4)

Insert:

Lifecycle Part 6A products

(4A) Subregulation (4B) applies if the Part 6A product is a lifecycle Part 6A product.

(4B) Despite subregulations (1) to (4), work out the strategic asset allocation of a lifecycle Part 6A product in relation to a lifestage and a quarter to a covered asset class for the quarter on the assumptions that:

(a) those subregulations apply separately in respect of each lifestage of the Part 6A product; and

(b) in applying those subregulations to a lifestage, references in this regulation to amounts reported to APRA were references to such amounts to the extent that they relate to that lifestage.