Commonwealth legislation

Superannuation Legislation Amendment (MySuper Core Provisions) Proclamation 2012

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

1/10 complexity

This is a formal proclamation (legal notice) that acts as the ‘on switch’ for parts of the MySuper superannuation reforms. It sets 1 January 2013 as the date when specific sections of the Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012 become law.

What it does:

Activates the rules: Items 3 to 14 of Schedule 1 (the core MySuper provisions) start on this date
Sets the deadline: From 1 January 2013, superannuation funds had to comply with the new MySuper standards for default super products

Why it matters: Without this proclamation, the reforms passed by Parliament would sit dormant. This document officially brings the new superannuation rules to life.

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Current sections

Direct links to the current provisions in Superannuation Legislation Amendment (MySuper Core Provisions) Proclamation 2012.

Superannuation Legislation Amendment (MySuper Core Provisions) Proclamation 2012

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Commonwealth Coat of Arms

Superannuation Legislation Amendment (MySuper Core Provisions) Proclamation 2012

Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and under item 4 of the table in subsection 2 (1) of the Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012, fix 1 January 2013 as the day on which items 3 to 14 of Schedule 1 to that Act commence.

Signed and sealed with the Great Seal of Australia on 6 December 2012

QUENTIN BRYCE Governor-General

By Her Excellency’s Command

WILLIAM RICHARD SHORTEN

Minister for Financial Services and Superannuation

Source text

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

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 meta-generator: Aspose.Words for .NET 20.2 title: Proclamation

?xml version="1.0" encoding="utf-8" standalone="no"?>

Superannuation Legislation Amendment (MySuper Core Provisions) Proclamation 2012

Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012

Signed and sealed with the Great Seal of Australia on 6 December 2012

QUENTIN BRYCE Governor-General

By Her Excellency’s Command

WILLIAM RICHARD SHORTEN

Minister for Financial Services and Superannuation