{"id":"F2005L01081","name":"Superannuation Industry (Supervision) Act 1993 - Modification Declaration No 24","slug":"superannuation-industry-supervision-act-1993-modification-declaration-no-24","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":34706,"registerId":"commonwealth-F2005L01081-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation Industry (Supervision) Act 1993 - Modification Declaration No 24","content":"![](image.001.png)\n\nModification declaration No 24\n\nSuperannuation Industry (Supervision) Act 1993\n\nI, Brandon Khoo, a delegate of APRA under section 332 of the Act, DECLARE that subregulations 6.21(1) and 6.21(1A) of the Regulations are to have effect in relation to trustees and members of superannuation entities as if they were modified by inserting after subregulation 6.21(1A):\n\n“(1B) During the period 1 July 2004 to 30 June 2005, the benefits of a member (including a member’s post-65 employer-financed benefits) are not required to be cashed in accordance with paragraph 6.21(1)(a) or 6.21(1A)(a).\n\n(1C) A trustee’s failure to cash a member’s benefits (including a member’s post-65 employer-financed benefits) in accordance with paragraph 6.21(1)(a) or 6.21(1A)(a) during the period 1 July 2004 to the date of commencement of Modification Declaration No 24 is not a breach of those paragraphs.”\n\nThis Declaration commences on the date it is signed.\n\nDated 2 May 2005\n\n\\[signed\\]\n\nBrandon Khoo\n\nExecutive General Manager\n\n> Specialised Institutions Division\n\nInterpretation\n\nIn this Declaration\n\nAct means the Superannuation Industry (Supervision) Act 1993\n\n> APRA means the Australian Prudential Regulation Authority\n\n> Regulations means the Superannuation Industry (Supervision) Regulations 1994","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1345},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This is a temporary administrative modification exercising existing powers under section 332 of the Superannuation Industry (Supervision) Act 1993. It does not expand the Act's scope but temporarily suspends specific regulatory obligations for a defined period."},"complexity_factors":["Single, clearly defined temporal limitation (1 July 2004 to 30 June 2005)","Modification affects only two specific subregulations (6.21(1) and 6.21(1A))","Simple insertions creating temporary exemptions rather than complex conditional logic","No cross-references to other legislation beyond the parent Act and Regulations","Limited to specific beneficiary class (members with post-65 employer-financed benefits)"],"plain_english_summary":"This declaration temporarily excuses superannuation trustees from the normal requirement to cash out certain member benefits for the 2004–05 financial year (1 July 2004–30 June 2005) and grants legal amnesty to trustees who failed to cash out benefits between July 2004 and May 2005. It affects trustees and members with employer-financed benefits—especially those over 65—and provides short‑term relief from mandatory payout obligations to address administrative or transitional issues."}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-industry-supervision-act-1993-modification-declaration-no-24","history":"/api/acts/superannuation-industry-supervision-act-1993-modification-declaration-no-24/history","analysis":"/api/acts/superannuation-industry-supervision-act-1993-modification-declaration-no-24/analysis","conflicts":"/api/acts/superannuation-industry-supervision-act-1993-modification-declaration-no-24/conflicts","importantCases":"/api/acts/superannuation-industry-supervision-act-1993-modification-declaration-no-24/important-cases","documents":"/api/acts/superannuation-industry-supervision-act-1993-modification-declaration-no-24/documents"}}