FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)

PART 7 - PRUDENTIAL PROVISIONS  

Division 2 - Application of the Superannuation Industry (Supervision) Act 1993  

SECTION 116  

116   General modifications of applicable provisions of the Superannuation Industry (Supervision) Act 1993  
The provisions of the Superannuation Industry (Supervision) Act 1993 that apply for the purposes of this Act under subsection 114(2) apply with the following modifications:

(a) treat references to " this Act " as references to this Act (including provisions of the Superannuation Industry (Supervision) Act 1993 that apply for the purposes of this Act);

(b) treat references to " the regulations " as references to the regulations under this Act;

(ba) treat references to " the prudential standards " as references to the Prudential Standards;

(c) treat references to a year of income as references to a financial year;

(d) treat conduct (including an omission) that is inconsistent with the Prudential Standards in the same way as conduct (including an omission) that is inconsistent with the Superannuation Industry (Supervision) Act 1993 ;

(e) treat conduct (including an omission) that is required or authorised by, or otherwise performed in connection with, the Prudential Standards in the same way as conduct (including an omission) that is required or authorised by, or otherwise performed in connection with, the Superannuation Industry (Supervision) Act 1993 .

 View history note

 Hide history note