1Superannuation Industry (Supervision) (Approval of Trustees) Regulations

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Statutory Rules 1993 No. 3731

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Superannuation Industry (Supervision) (Approval of Trustees) Regulations

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Superannuation Industry (Supervision) Act 1993.

Dated 22 December 1993.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

GARY JOHNS

Parliamentary Secretary to the Treasurer

for the Treasurer

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Citation

1. These Regulations may be cited as the Superannuation Industry (Supervision) (Approval of Trustees) Regulations.

Note: [NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48.]

Interpretation

2. (1) In these Regulations:

“the Act” means the Superannuation Industry (Supervision) Act 1993.

Application for approval of trustees

3. For the purposes of paragraph 23 (2) (c) of the Act, the prescribed amount of an application fee is $500.

Deciding an application for approval as a trustee

4. For the purposes of subparagraphs 26 (1) (b) (i) and (ii) of the Act, the amount of $5,000,000 is prescribed.

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NOTE

Note: 1. Notified in the Commonwealth of Australia Gazette on 24 December 1993.