Treasury Laws Amendment (Self Managed Superannuation Funds) Regulations 2021
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.
Dated 24 June 2021
David Hurley
Governor‑General
By His Excellency’s Command
Jane Hume
Minister for Superannuation, Financial Services and the Digital Economy
Contents
1 Name
2 Commencement
3 Authority
4 Schedules
Schedule 1—Amendments
Superannuation Industry (Supervision) Regulations 1994
This instrument is the Treasury Laws Amendment (Self Managed Superannuation Funds) Regulations 2021.
(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 later of: (a) the day after this instrument is registered; and (b) the day on which the Treasury Laws Amendment (Self Managed Superannuation Funds) Act 2021 commences. | 1 July 2021 (paragraph (b) applies) |
Note: This table relates only to the provisions of this instrument as originally made.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 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Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Superannuation Industry (Supervision) Regulations 1994
1 Subregulation 3.05(2) (heading)
Omit “more than 4”, substitute “more than 6”.
2 Paragraph 3.05(2)(a)
Omit “at least 5”, substitute “more than 6”.
3 Subparagraph 3.05(3)(b)(i)
Omit “at least 5”, substitute “more than 6”.
4 Paragraph 3A.01(a)
Omit “fewer than 5 members”, substitute “no more than 6 members”.
5 Paragraph 3A.02(1)(b)
Omit “fewer than 5 members”, substitute “no more than 6 members”.
6 Regulation 4.02A (heading)
Omit “fewer than 5 members”, substitute “no more than 6 members”.
7 Regulation 4.02AA (heading)
Omit “fewer than 5 members”, substitute “no more than 6 members”.
8 Paragraph 4.02AA(1)(b)
Omit “fewer than 5 members”, substitute “no more than 6 members”.
9 Subregulation 4.03(1)
Omit “fewer than 5 members”, substitute “no more than 6 members”.
10 Paragraph 4.08A(2)(b)
Omit “more than 4”, substitute “more than 6”.
11 Subparagraph 7A.03G(2)(b)(i)
Omit “fewer than 5 members”, substitute “no more than 6 members”.
12 Subparagraph 7A.09(2)(b)(i)
Omit “fewer than 5 members”, substitute “no more than 6 members”.
13 Subparagraph 7A.17(4)(a)(i)
Omit “fewer than 5 members”, substitute “no more than 6 members”.
14 Subparagraph 7A.18(2)(b)(i)
Omit “fewer than 5 members”, substitute “no more than 6 members”.
15 Paragraph 13.22C(2)(a)
Omit “fewer than 5 members”, substitute “no more than 6 members”.
16 Paragraph 13.22D(1)(a)
Omit “5 or more”, substitute “more than 6”.