Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Act 2012 (171 of 2012)

Schedule 6   Moving accrued default amounts

Superannuation Industry (Supervision) Act 1993

8   At the end of subsection 29U(2)

; or (j) APRA is satisfied that the RSE licensee has failed to give effect to an election made in accordance with section 29SAA (election to transfer accrued default amounts to a MySuper product).

8A Paragraph 29TC(1)(b)

After "facilities", insert "except to the extent that a benefit is provided by taking out risk insurance".