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12 Dec 11 Super regs updated - use of TFNs by super funds

Superannuation Industry (Supervision) Amendment Regulations 2011 (No 4) was made on 7 December 2011 and registered on the Federal Register of Legislative Instruments on 9 December 2011 as Select Legislative Instrument 2011 No 278.

Retirement Savings Accounts Amendment Regulations 2011 (No 4) was made on 7 December 2011 and registered on the Federal Register of Legislative Instruments on 9 December 2011 as Select Legislative Instrument 2011 No 277.

The Regulations amend, respectively, the Superannuation Industry (Supervision) Regulations 1994 and the Retirement Savings Accounts Regulations 1997 to include rules with which trustees of superannuation entities must comply with when using a member’s TFN to locate accounts, and where they use TFNs in order to facilitate account consolidation.

For a copy of the Explanatory Statement, click on the Explanatory Statement tab.

 


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