Treasury Laws Amendment (Your Future, Your Super - Addressing Underperformance in Superannuation) Regulations 2021 (F2021L01077)

Schedule 1   Amendments

Superannuation Industry (Supervision) Regulations 1994

2   After paragraph 2.38(2)(e)

Insert:

(ea) if both of the following circumstances exist:

(i) APRA has given the trustee or trustees of the entity a notification of a determination under subsection 60C(2) of the Act that the requirement in subsection 60D(1) of the Act has not been met for a Part 6A product offered by the entity, in relation to a financial year;

(ii) APRA had not given the trustee or trustees a notification of another determination under subsection 60C(2) of the Act that that requirement had not been met for the Part 6A product, in relation to the previous financial year;

a description of those circumstances.