Superannuation Industry (Supervision) Act 1993

S 332 substituted by No 154 of 2007, s 3 and Sch 1 item 152, effective 24 September 2007.

Act No 154 of 2007, s 3 and Sch 1 item 295, contained the following saving provision:

295 Saving provision for section 332 declarations (Superannuation Industry Supervision Act)  
(1)
This item applies to a declaration that was in force under section 332 of the Superannuation Industry (Supervision) Act 1993 immediately before that section was amended by this Act.

(2)
The declaration:

(a) continues in force after the commencement of the amendments, as if it were a declaration made under section 332 as amended; and

(b) may be varied or revoked by APRA under section 332 as amended.

(3)
A declaration or part of a declaration to which subitem (2) does not apply ceases to have effect at the time the amendment of section 332 made by this Act commences.

S 332 formerly read:

SECTION 332 REGULATOR'S POWERS OF MODIFICATION - MODIFIABLE PROVISIONS  
332
The Regulator may, in writing, declare that a modifiable provision is to have effect, in relation to a particular person or class of persons, as if it were modified as specified in the declaration.

S 332 amended by No 54 of 1998.