Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Act 2012 (171 of 2012)
Schedule 6 Moving accrued default amounts
Superannuation Industry (Supervision) Act 1993
5 After subsection 29E(6A)
Insert:
RSE licensees who apply for authority to offer MySuper product
(6B) An additional condition is imposed on each RSE licensee who makes an application under section 29S for authority to offer a class of beneficial interest in a regulated superannuation fund as a MySuper product. The condition is that the RSE licensee must give effect to elections made in accordance with sections 29SAA, 29SAB and 29SAC.
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