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

Schedule 7   Eligible rollover funds

Part 1   Main amendments

Superannuation Industry (Supervision) Act 1993

12   Section 241

Repeal the section, substitute:

241 Object of this Part

The object of this Part is:

(a) to provide for the authorisation of RSE licensees to operate eligible rollover funds; and

(b) to impose additional obligations on trustees, and directors of corporate trustees, in relation to eligible rollover funds; and

(c) to provide a facility for the payment of benefits to eligible rollover funds.