Treasury Laws Amendment (Your Future, Your Super) Act 2021 (46 of 2021)

Schedule 2   Addressing underperformance in superannuation

Part 1   Main amendments

Superannuation Industry (Supervision) Act 1993

6   After paragraph 34C(4)(e)

Insert:

(ea) the conduct by an RSE licensee of a registrable superannuation entity, or by a connected entity of such an RSE licensee, of the affairs of the licensee, the registrable superannuation entity, or any connected entity of the licensee, in such a way as to:

(i) facilitate resolution of the RSE licensee; or

(ii) facilitate resolution of the registrable superannuation entity; or

(iii) facilitate resolution of the connected entity that is reasonably necessary to facilitate resolution of the RSE licensee; or

(iv) facilitate resolution of the connected entity that is reasonably necessary to facilitate resolution of the registrable superannuation entity; or

(v) facilitate resolution of the connected entity that is reasonably necessary to protect the interests of the beneficiaries of the registrable superannuation entity; or

(vi) facilitate resolution of the connected entity that is reasonably necessary to meet the reasonable expectations of the beneficiaries of the registrable superannuation entity; or