Treasury Laws Amendment (Miscellaneous and Technical Amendments No. 2) Regulations 2024 (F2024L01610)

Schedule 1   Amendments

Part 1   Amendments commencing day after registration

Division 2   Conditional offer of goods or services

Superannuation Industry (Supervision) Regulations 1994

8   In the appropriate position in Part 14

Insert:

Division 14.36 - Transitional arrangements arising out of the Treasury Laws Amendment (Miscellaneous and Technical Amendments No. 2) Regulations 2024

14.38 Amendments made by the Treasury Laws Amendment (Miscellaneous and Technical Amendments No. 2) Regulations 2024

The amendments of regulation 13.18A made by the Treasury Laws Amendment (Miscellaneous and Technical Amendments No. 2) Regulations 2024 apply if any of the following occur on or after the commencement of this regulation:

(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, a business loan to a person, or a relative or associate of a person; or

(ii) supplies, or offers to supply, a business loan 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 a business loan 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, a business loan to a person, or a relative or associate of a person; or

(ii) supply, or offer to supply, a business loan 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 a business loan to a person, or a relative or associate of a person.