Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
In this Subdivision:
lifecycle exception
has the meaning given by subsection
29TC(2)
of the SIS Act.
lifecycle MySuper product
means a MySuper product to which a lifecycle exception applies.
lifecycle stage
, of a MySuper product offered by a regulated superannuation fund, means a subclass of members of the fund who hold the MySuper product, determined on the basis of:
(a) age; or
(b) age and the factors mentioned in regulation 9.47 of the SIS Regulations.
(a) for a MySuper product other than a lifecycle MySuper product:
(i) if the MySuper product has been offered for less than 10 financial years and there is no predecessor product - the number of whole financial years for which the product has been offered; or
(ii) if the MySuper product and a predecessor product have been offered for a total of less than 10 financial years - the number of whole financial years for which the products have been offered; or
(b) for a lifecycle stage of a lifecycle MySuper product:
(i) if the lifecycle stage of the MySuper product has been offered for less than 10 financial years and there is no equivalent lifecycle stage of a predecessor product - the number of whole financial years for which the lifecycle stage has been offered; or
(ii) if the lifecycle stage of the MySuper product and an equivalent lifecycle stage of a predecessor product have been offered for a total of less than 10 financial years - the number of whole financial years for which the lifecycle stage of the MySuper product and the predecessor product have been offered.
predecessor product
, in relation to a MySuper product, means a default investment option in existence on 30 June 2013 in relation to which, if a member
'
s accrued default amount were attributed to the MySuper product, the RSE licensee would be exempted from disclosure requirements under subregulation
9.46(2)
of the SIS Regulations.
reporting standard
means a reporting standard determined by APRA under subsection
13(1)
of the
Financial Sector (Collection of Data) Act 2001
, as in force from time to time.
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