Explanatory Memorandum
(Circulated by the authority of the Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation, the Hon Bill Shorten MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
Abbreviation | Definition |
APRA | Australian Prudential Regulation Authority |
ASIC | Australian Securities and Investments Commission |
MySuper Core Provisions Bill | Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2012 |
Corporations Act | Corporations Act 2001 |
LI Act | Legislative Instruments Act 2003 |
RIS | regulation impact statement |
RSE | registrable superannuation entity |
SG Act | Superannuation Guarantee (Administration) Act 1992 |
SIS Act | Superannuation Industry (Supervision) Act 1993 |
SIS Regulations | Superannuation Industry (Supervision) Regulations 1994 |
SMSF | self managed superannuation fund |
The Review | The review into the governance, efficiency, structure and operation of Australia's superannuation system or the Super System Review |
TPD | total and permanent disability insurance |