By Proclamation made on 19 October 2011, the Governor-General fixed 1 November 2011 as the day on which Schedule 1 to Superannuation Legislation Amendment (Early Release of Superannuation) Act 2011 commences. The Proclamation was registered on the Federal Register of Legislative Instruments on 24 October 2011.
Schedule 1 provides for the transfer of responsibility for the general administration of the early release of superannuation and RSA benefits on compassionate grounds from the Australian Prudential Regulation Authority (APRA) and the Commissioner of Taxation, to the Chief Executive, Medicare.
Prior to the formal transfer, the Chief Executive, Medicare administered this function under delegation from APRA.
For a copy of the Explanatory Statement, click on the Explanatory Statement tab.