Superannuation Legislation Amendment (Service Providers and Other Governance Measures) Act 2013 (61 of 2013)
Schedule 1 Amendments
Part 1 Amendments
Corporations Act 2001
11 Subsection 1526(2)
Repeal the subsection, substitute:
(2) The definition of custodial arrangement in subsection 1012IA(1) is to be read as if the reference in that definition to an instruction included a reference to:
(a) a direction of the kind mentioned in paragraph 58(2)(d) or (da) of the Superannuation Industry (Supervision) Act 1993 that will involve the acquisition of a particular financial product, or a financial product of a particular kind; and
(b) a direction of the kind mentioned in subsection 52B(4) of the Superannuation Industry (Supervision) Act 1993 that will involve the acquisition of a particular financial product, or a financial product of a particular kind.