An act to make provision for the supervision of certain entities engaged in the superannuation industry, and for related purposes. Review of the superannuation industry supervision productivity. Learn more about the superannuation industry supervision act 1993 and its applicability to self managed superannuation funds smsfs 22nd march 2016. It is relevant to those in the superannuation industry, including licensees of registrable superannuation entities rses, custodians and administrators. This bill amends the superannuation industry supervision act 1993 sis act to. Gop senators rally around donald trump talk of freezing who funds. Section 68 of the sis act anthony quinn proceedings. The abbreviation for the superannuation industry supervision act. Item 9 inserts proposed paragraph 29vna into the sis act which requires. Some aspects of the civil liability arising from breach of. Superannuation industry supervision regulations 1994.
Small independent superannuation funds of australia. Apra sent one or more observers to these hearings as listed below. Among other disclosures, this includes the funds conflicts management framework and the conflicts of interests and duties register. Corporations act 2001, the superannuation industry supervision act 1993, the national consumer credit protection act 2009 and the national consumer credit protection transitional and consequential provisions act 2009. In order to promote public education and public safety, equal justice for all, a better informed citizenry, the rule of law, world trade and world peace, this legal document is hereby made available on a noncommercial basis, as it is the right of all humans to. This ppg aims to assist an rse licensee in complying with these requirements and, more generally, to outline prudent practices in relation to the management of reserves. Superannuation legislation amendment service providers and. Superannuation legislation amendment trustee obligations and. The fund is a regulated superannuation fund for the purposes of the sis act. The provisions given in this part supplement modify or supersede the equivalent provisions given in en 19931. Issued by australiansuper pty ltd abn 94 006 457 987 afsl 233788 trustee of australiansuper abn 65 714 394 898 20792 0518 page 1 of 1 pay my super to australiansuper your employee has requested that their super contributions be paid into. This is a compilation of the superannuation industry supervision act 1993 that shows the text of the law as amended and in force on 18 february. The notes at the end of this compilation the endnotes include information about amending laws and the amendment history of provisions of the compiled law.
Set out below are all superguide articles that relate to sis act. The community therefore has a strong interest in the prudent management and supervision of. The sis act on the other hand, created an operative framework for superannuation funds the trusts that employers make superannuation guarantee payments to. Equity trustees superannuation limited abn 50 055 641 757. Superannuation industry supervision act 1993 federal register. Arrangements that are regulated by the superannuation industry supervision act 1993. You should exercise caution in changing return targets without a reasonable basis, including the manipulation of return targets to produce more favourable information in the product. When you use our service you can be assured the latest editions and easy access. Section 68 of the sis act anthony quinn proceedings a. The electronic irish statute book eisb comprises the acts of the oireachtas parliament, statutory instruments, legislation directory, constitution and a limited number of pre1922 acts. Section 29ja superannuation industry supervision act 1993 sis act. Lesf is a resident regulated superannuation fund complying with the superannuation industry supervision act 1993 sis and regulations, and other apra guidelines. Superannuation industry supervision act 1993 table of provisions long title part 1preliminary division 1preliminary 1. Legislation superannuation industry supervision act 1993.
Some aspects of the civil liability arising from breach of duty by a. Disclosure and reporting requirements for superannuation trustees. The superannuation industry supervision act 1993 sis act was. Superannuation industry supervision regulations 1994 statutory rules 1994 no. Trump invokes defense production act to speed up n95 mask production. This is a compilation of the superannuation industry supervision act 1993 that shows the text of the law as amended and in force on 18 february 2020 the compilation date. There are three types of applications for reliefstandard applications. You will need to comply with your duties under the superannuation industry supervision act 1993 sis act in relation to setting and changing return targets. Indefinitely continuing fundapplication of rules against perpetuities 15. A cute redhead slave gets covered with mud and piss outdoor. A retirement savings account within the meaning of the. Regulatory guide 252 keeping superannuation websites up to. The sis act makes provisions for the management of australias superannuation system.
Legislation and statutory instruments for superannuation. This ruling explains whether an asset is intentionally acquired by a trustee or investment manager of a self managed superannuation fund smsf from a related party of the smsf for the purposes of subsection 661 of the superannuation industry supervision act 1993 sisa 2. Most of the workforce is covered by superannuation. Introduced in 1993, the act was written to regulate the newly established super industry while the superannuation guarantee came into effect on 1 july 1992, it only legislated for the payments made by employers. The superannuation industry supervision act 1993 sis act contains provisions relating to the maintenance and management of reserves within a registrable superannuation entity. Commonwealth of australia explanatory memoranda superannuation industry supervision bill 1993.
Superannuation industry supervision act 1993 sect 62 sole purpose test 1 each trustee of a regulated superannuation fund must ensure that the fund is maintained solely. What is the sis superannuation industry supervision act. As of today we have 79,150,708 ebooks for you to download for free. The drafter of a superannuation trust deed is more limited, because unexcludable statutory covenants in s 52 superannuation industry supervision act 1993 cth sis act provide a minimum set of trustees obligations, and s 562 sis act imposes a further limit. Application of act not to be excluded or modified 8.
Iso generalpurpose metric screw threads basic dimensions iso 724. Mysuper product dashboard requirements for superannuation. Section 56 sis act gives all superannuation trustees a right of indemnity. This is a compilation of the superannuation industry supervision act 1993 that shows the text of the law as amended and in force on 1 march 2017 the compilation date. Review of the superannuation industry supervision act. About this paper this consultation paper sets out asics proposals for how the consistency requirements under s29qc of the superannuation industry supervision act 1993 sis act may be addressed. Superannuation industry supervision amendment bill 2010. The fund is treated as a complying superannuation fund for taxation purposes and it is our intention to continue to ensure that the fund maintains its complying status.