Treasury Laws Amendment (Miscellaneous and Technical Amendments No. 2) Regulations 2021
(F2021L01841)
17 December 2021
Corporations Act 2001; Foreign Acquisitions and Takeovers Act 1975; National Consumer Credit Protection Act 2009; Retirement Savings Accounts Act 1997; Superannuation (Unclaimed Money and Lost Members) Act 1999.
1 Name
This instrument is the Treasury Laws Amendment (Miscellaneous and Technical Amendments No. 2) Regulations 2021.
2 Commencement
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
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Commencement information |
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Column 1 |
Column 2 |
Column 3 |
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Provisions |
Commencement |
Date/Details |
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1. Sections 1 to 4 and anything in this instrument not elsewhere covered by this table |
The day after this instrument is registered. |
18 December 2021 |
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2. Schedule 1, Part 1 |
The day after this instrument is registered. |
18 December 2021 |
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3. Schedule 1, Part 2 |
At the same time as Part 1 of Schedule 8 to the Corporate Collective Investment Vehicle Framework and Other Measures Act 2021 commences. However, the provisions do not commence at all if that Part does not commence. |
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
3 Authority
This instrument is made under the following:
(a) the Corporations Act 2001;
(b) the Foreign Acquisitions and Takeovers Act 1975;
(c) the National Consumer Credit Protection Act 2009;
(d) the Retirement Savings Accounts Act 1997;
(e) the Superannuation (Unclaimed Money and Lost Members) Act 1999.
4 Schedules
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Schedule 1 Amendments
Part 1 Amendments commencing day after registration
Corporations Regulations 2001
1 Subparagraph 7.8.13(2)(a)(i)
After "4,", insert "4A,".
2 Regulation 7.9.07FA
Omit "http://www.apra.gov.au and the APRA hotline on 1300 13 10 60", substitute "http://www.fcs.gov.au".
3 Paragraph 7.9.14D(1)(c)
Omit "http://www.apra.gov.au and the APRA hotline on 1300 13 10 60", substitute "http://www.fcs.gov.au".
4 After subregulation 7.9.20AA(1)
Insert:
(1A) This regulation does not apply if:
(a) the superannuation product is a non-investment or accumulation life insurance policy that is offered through the regulated superannuation fund; or
(b) the superannuation product has no investment component (also known as a risk-only superannuation product); or
(c) the statement is a periodic statement to be given to a member of the regulated superannuation fund for a reporting period mentioned in paragraph 1017D(2)(d) of the Act.
5 Subregulation 7.9.20AA(2)
Repeal the subregulation (including the heading).
6 Subregulations 7.9.20AA(3) to (7)
Repeal the subregulations.
7 Subregulation 7.9.20AA(8) (heading)
Repeal the heading.
8 Subregulation 7.9.20AA(8)
Omit "2010", substitute "2011".
9 Subregulation 7.9.75BA(1)
Repeal the subregulation, substitute:
(1) For the purposes of paragraph 1017DA(1)(a) of the Act, the trustee of a superannuation entity (other than a self managed superannuation fund) may provide fund information:
(a) required by Subdivision 5.6 of this Part and is about a regulated superannuation fund; or
(b) required by Subdivision 5.6 of this Part and is about an approved deposit fund; or
(c) required by Subdivision 5.7 of this Part and is about a pooled superannuation trust;
to a holder of an interest in that entity by making it available on the entity's website.
Foreign Acquisitions and Takeovers Regulation 2015
10 Section 66
Repeal the section.
National Consumer Credit Protection Regulations 2010
11 Subdivision 1.3 of Division 1 of Part 2.4
Repeal the Subdivision.
12 Regulations 65B, 69A and 69B
Repeal the regulations.
Retirement Savings Accounts Regulations 1997
13 Division 2.2
Repeal the Division.
14 Regulation 2.18A (note)
Omit "Section 53 of the Act provides that a person must receive certain documents before becoming an RSA holder.".
Superannuation (Unclaimed Money and Lost Members) Regulations 2019
15 Subsection 6(1)
Omit "and 24K(4)(a)", substitute ", 24K(4)(a) and 24NAA(4)(a)".
Part 2 Contingent amendments
Corporations Regulations 2001
16 Part 7.6A
Repeal the Part.
17 Regulation 7.7.10AH
Repeal the regulation.
18 Regulation 7.9.15G
Repeal the regulation.