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

Schedule 1   Amendments relating to MySuper

Corporations Regulations 2001

24   Clause 101 of Schedule 10 (definition of switching fee )

Repeal the definition, substitute:

switching fee :

(a) for a superannuation product - has the meaning given by subsection 29V(5) of the SIS Act; or

(b) for a managed investment product - means an amount paid or payable when a product holder transfers all or part of the product holder’s interest in the managed investment product from one investment option to another.