Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)
Schedule 2 Financial assistance
Superannuation Industry (Supervision) Act 1993
14 At the end of section 231
Add:
(3) To avoid doubt, the Minister may grant financial assistance to a self-managed superannuation fund under this section as long as the fund met the requirements in subsection 229(1) at the time the fund suffered the loss to which the assistance relates.
(4) The Consolidated Revenue Fund is appropriated for the purposes of making payments of financial assistance granted under this section.
(5) Amounts appropriated under this section are not to be credited to the Australian Prudential Regulation Authority Special Account.
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