Treasury received two submissions in response to the consultation on an exposure draft of amendment regulations released on 24 May 2011 to:
- allow the proceeds of crime to be confiscated from superannuation;
- update the list of exempt public sector superannuation schemes (EPSSS); and
- insert a note to explain that information regarding investment strategies is usually provided to members in a Product Disclosure Statement (PDS) but that following the introduction of the short PDS requirements into the Corporations Regulations 2001 this information may be incorporated in a PDS by reference.
The submissions are accessible here