Commonwealth legislation

Revocation of Modification Declarations - Superannuation Industry (Supervision) Act 1993 - September 2005

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

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What this does This document cancels 10 previous exemptions (called "modification declarations") that the Australian Prudential Regulation Authority (APRA) had granted to certain superannuation funds under the Superannuation Industry (Supervision) Act 1993 (SIS Act).

What is a modification declaration? Under the SIS Act, APRA can modify how superannuation laws apply to specific funds—either exempting them from certain rules or applying different rules to them. These tailored arrangements are documented as "modification declarations."

Who is affected Superannuation funds that were operating under Modification Declaration Nos 2, 4, 7, 8, 11, 14, 15, 16, 18, or 21. These funds must now comply with the standard SIS Act rules instead of the modified rules they previously operated under.

When it takes effect The revocations take effect the day after this instrument is registered on the Federal Register of Legislative Instruments (as required by the Legislative Instruments Act 2003).

JSON API Tax / GST / superannuation

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Direct links to the current provisions in Revocation of Modification Declarations - Superannuation Industry (Supervision) Act 1993 - September 2005.

Revocation of Modification Declarations - Superannuation Industry (Supervision) Act 1993 - September 2005

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Revocation of Modification Declarations

Superannuation Industry (Supervision) Act 1993

I, Brandon Kong Leong Khoo, a delegate of the Australian Prudential Regulation Authority, under section 335 of the Superannuation Industry (Supervision) Act 1993 (the SIS Act) REVOKE the following modification declarations which were made under section 332 of the SIS Act:

Modification Declaration No 2;
Modification Declaration No 4;
Modification Declaration No 7;
Modification Declaration No 8;
Modification Declaration No 11;
Modification Declaration No 14;
Modification Declaration No 15;
Modification Declaration No 16;
Modification Declaration No 18;
Modification Declaration No 21.

Note By virtue of paragraph 12(1)(d) of the Legislative Instruments Act 2003 (the LIA), this Revocation comes into effect the first moment of the day next following the day when it is registered under the LIA.

Dated 1 September 2005

[Signed]

Brandon Khoo

Executive General Manager

Specialised Institutions Division

Australian Prudential Regulation Authority

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Revocation of Modification Declarations - Superannuation Industry (Supervision) Act 1993 - September 2005