Superannuation Industry (Supervision) Act 1993
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View history notePt 33 repealed by No 135 of 2020, s 3 and Sch 9 item 26, effective 1 January 2021.
Part 33 inserted by No 171 of 2012, s 3 and Sch 6 item 13.
Div 1 repealed by No 135 of 2020, s 3 and Sch 9 item 26, effective 1 January 2021.
Div 1 inserted by No 171 of 2012, s 3 and Sch 6 item 13.
(Repealed by No 135 of 2020)
S 388 repealed by No 135 of 2020, s 3 and Sch 9 item 26, effective 1 January 2021. S 388 formerly read:
the RSE licensee must take the action required under the prudential standards in relation to the amount before 1 July 2017.
SECTION 388 TRANSFER TO MYSUPER PRODUCTS
388(1)
If:
(a)
an RSE licensee of a regulated superannuation fund holds an accrued default amount for a member of the fund immediately before 1 July 2017; and
(b)
no application is made before 1 July 2017 by the RSE licensee, in relation to any of the RSE licensee
'
s regulated superannuation funds, for authority to offer a class of beneficial interest in the fund as a MySuper product;
388(2)
A trustee of a regulated superannuation fund is not subject to any liability to a member of the fund for an action taken in accordance with subsection (1).
S 388 inserted by No 171 of 2012, s 3 and Sch 6 item 13, effective 1 January 2013.
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