Superannuation Legislation Amendment (MySuper Measures) Regulation 2013 (155 of 2013)

Schedule 1   Amendments relating to MySuper

Corporations Regulations 2001

12   Clause 101 of Schedule 10 (definition of buy-sell spread )

Repeal the definition, substitute:

buy-sell spread :

(a) for a superannuation product - has the meaning given by subsection 29V(4) of the SIS Act; or

(b) for a managed investment product - means an amount, deducted from the value of a financial product of a product holder, that represents an apportionment, among product holders, of the actual or estimated transaction costs incurred by the managed investment scheme.