Treasury Laws Amendment (Release of Superannuation on Compassionate Grounds) Regulations (No. 2) 2020
I, General the Honourable David Hurley AC DSC (Retd), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.
David Hurley
Governor‑General
By His Excellency’s Command
Josh Frydenberg
Treasurer
Contents
2 Commencement
3 Authority
4 Schedules
Schedule 1—Amendments
Retirement Savings Accounts Regulations 1997
Superannuation Industry (Supervision) Regulations 1994
This instrument is the Treasury Laws Amendment (Release of Superannuation on Compassionate Grounds) Regulations (No. 2) 2020.
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
Commencement information | ||
Column 1 | Column 2 | Column 3 |
Provisions | Commencement | Date/Details |
1. The whole of this instrument | The day after this instrument is registered. | 1 May 2020 |
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
This instrument is made under the following:
(a) the Retirement Savings Accounts Act 1997;
(b) the Superannuation Industry (Supervision) Act 1993.
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Retirement Savings Accounts Regulations 1997
1 Paragraph 4.22B(1C)(b)
Repeal the paragraph, substitute:
(b) in a case where paragraph (1B)(b) applies:
(i) the person is employed; and
(ii) the person is unable to meet his or her immediate living expenses; or
Superannuation Industry (Supervision) Regulations 1994
2 Paragraph 6.19B(1C)(b)
Repeal the paragraph, substitute:
(b) in a case where paragraph (1B)(b) applies:
(i) the person is employed; and
(ii) the person is unable to meet his or her immediate living expenses; or