Senate
Superannuation Legislation Amendment (Service Providers and Other Governance Measures) Bill 2012
Revised Explanatory Memorandum
(Circulated by the authority of the Minister for Financial Services and Superannuation, the Hon Bill Shorten MP)This memorandum takes account of amendments made by the House of Representatives to the Bill as introduced
Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| ADI | authorised deposit-taking institution |
| APRA | Australian Prudential Regulation Authority |
| ASIC | Australian Securities and Investments Commission |
| Capital Gains Tax and Other Efficiency Measures Act | Superannuation Laws Amendment (Capital Gains Tax and Other Efficiency Measures) Act 2012 |
| Corporations Act | Corporations Act 2001 |
| FHSA Act | First Home Saver Accounts Act 2008 |
| FSCOD Act | Financial Sector (Collection of Data) Act 2001 |
| Further MySuper and Transparency Measures Act | Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Act 2012 |
| MySuper Core Provisions Act | Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012 |
| PJC | Parliamentary Joint Committee on Corporations and Financial Services |
| RIS | regulation impact statement |
| RSE | registrable superannuation entity |
| SCT | Superannuation Complaints Tribunal |
| SIS Act | Superannuation Industry (Supervision) Act 1993 |
| SIS Regulations | Superannuation Industry (Supervision) Regulations 1994 |
| SMSF | Self managed superannuation fund |
| SRC Act | Superannuation (Resolution of Complaints) Act 1993 |
| the Review | The review into the governance, efficiency, structure and operation of Australia's superannuation system or the Super System Review (Cooper Review) |
| TPD | total and permanent disability insurance |
| Trustee Obligations and Prudential Standards Act | Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Act 2012 |