Superannuation Industry (Supervision) Amendment Regulations 1999 (No. 6)
(356 of 1999)
15 December 1999
Made under Superannuation Industry (Supervision) Act 1993
1 Name of Regulations
These Regulations are the Superannuation Industry (Supervision) Amendment Regulations 1999 (No. 6).
2 Commencement
These Regulations commence on gazettal.
3 Amendment of Superannuation Industry (Supervision) Regulations 1994
Schedule 1 amends the Superannuation Industry (Supervision) Regulations 1994.
Schedule 1 Amendment
[1] After regulation 1.04
insert
1.04AA Self managed superannuation funds - persons not taken to be employees
(Act s 17A (8))
(1) For the purposes of paragraph 17A (8) (b) of the Act, a class of persons is a specified class if it comprises persons each of whom is, in relation to a member of a superannuation fund, an exempt person.
(2) A person is an exempt person in relation to a member of a superannuation fund if:
(a) the person is an employer-sponsor of the fund; and
(b) the member is a director of the employer-sponsor.