Treasury Laws Amendment (Your Future, Your Super) Act 2021 (46 of 2021)
Schedule 3 Best financial interests duty
Part 1 Main amendments
Superannuation Industry (Supervision) Act 1993
15 After subsection 52A(2)
Insert:
Payments to third parties must be in best financial interests of beneficiaries
(2A) To avoid doubt, the obligations of the director under paragraph (2)(c) apply in respect of payments to a third party by, or on behalf of, the entity.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
