Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)

Schedule 2   Financial assistance

Superannuation Industry (Supervision) Act 1993

6   Section 228 (definition of eligible loss )

Repeal the definition, substitute:

eligible loss means a loss suffered by a fund as a result of fraudulent conduct, or theft, but does not include an amount that the fund did not receive because of the failure of a person to pay contributions to the fund.