Turn the raw legal text into a practical explanation grounded in Superannuation Administration Corporation (Pillar) (Authorised Transaction) Act 2016.

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#### 2 Commencement 2 Commencement > > (1) This Act commences on the date of assent to this Act, except as provided by subsection (2). > > > (2) Schedule 5 (Ownership restrictions in floated transaction companies) commences on a day to be appointed by proclamation.

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