Superannuation Industry (Supervision) Amendment Regulation 2013 (No 3) was made on 30 May 2013 and registered on the Federal Register of Legislative Instruments on the same day as Select Legislative Instrument 2013 No 105.
The regulation amends the Superannuation Industry (Supervision) Regulations 1994 to implement the portability of retirement savings between Australia and New Zealand. Australians and New Zealanders will be able to take their superannuation with them when they move permanently from one country to the other.
The trans-Tasman retirement savings portability scheme will commence on 1 July 2013.
In media release No 2013/047, issued 31 May 2013, the Minister for Financial Services and Superannuation and Minister for Employment and Workplace Relations, Bill Shorten, commented on the regulations.
For a copy of the Explanatory Statement, click on the Explanatory Statement tab.