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19 Oct 11 Early Release of Superannuation Bill receives Royal Assent

On 14 October 2011, Superannuation Legislation Amendment (Early Release of Superannuation) Bill 2011 received Royal Assent as Act No 108 of 2011.

The Act amends:

  • the Retirement Savings Accounts Act 1997 and Superannuation Industry (Supervision) Act 1993 to transfer the administration of making determinations relating to the early release of superannuation benefits on compassionate grounds to the Chief Executive, Medicare; and
  • the Australian Prudential Regulation Authority Act 1998 to provide that the administration of making determinations relating to the early release of superannuation benefits on compassionate grounds continues to be funded by superannuation industry levies.

 


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