Superannuation Industry (Supervision) Amendment (Your Future, Your Super - Improving Accountability and Member Outcomes) Regulations 2021 (F2021L01076)

Schedule 2   Use of goods or services to influence employers

Superannuation Industry (Supervision) Regulations 1994

3   At the end of Division 14.29 of Part 14

Add:

14.31 Use of goods or services to influence employers

The amendments made by Schedule 2 to the Superannuation Industry (Supervision) Amendment (Your Future, Your Super - Improving Accountability and Member Outcomes) Regulations 2021 apply where any of the following occur on or after the day on which that Schedule commences:

(a) a trustee of a regulated superannuation fund, or an associate of a trustee of a regulated superannuation fund:

(i) supplies, or offers to supply, goods or services to a person, or a relative or associate of a person; or

(ii) supplies, or offers to supply, goods or services to a person, or a relative or associate of a person, at a particular price; or

(iii) gives or allows, or offers to give or allow, a discount, allowance, rebate or credit in relation to the supply, or the proposed supply, of goods or services to a person, or a relative or associate of a person;

(b) a trustee of a regulated superannuation fund, or an associate of a trustee of a regulated superannuation fund, refuses to:

(i) supply, or offer to supply, goods or services to a person, or a relative or associate of a person; or

(ii) supply, or offer to supply, goods or services to a person, or a relative or associate of a person, at a particular price; or

(iii) give or allow, or offer to give or allow, a discount, allowance, rebate or credit in relation to the supply, or the proposed supply, of goods or services to a person, or a relative or associate of a person.