House of Representatives
Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2019
Revised Explanatory Memorandum
(Circulated by authority of the Assistant Treasurer, the Hon Stuart Robert MP)This memorandum takes account of amendments made by the Senate to the bill as introduced.
Glossary
The following abbreviations and acronyms are used throughout this Explanatory Memorandum.
| Abbreviation | Definition |
| AAT | Administrative Appeals Tribunal |
| AFA | Association of Financial Advisers Limited |
| AGM | Annual General Meeting |
| AIST | Australian Institute of Superannuation Trustees |
| AMM | Annual members' meeting |
| APRA | Australian Prudential Regulation Authority |
| APRA Act | Australian Prudential Regulation Authority Act 1998 |
| ASIC | Australian Securities and Investments Commission |
| ASX | Australian Securities Exchange |
| ATO | Australian Taxation Office |
| Bill | Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2019 |
| Committee | Parliamentary Joint Committee |
| Cooper Review | Review into the Governance, Efficiency, Structure and Operation of Australia's Superannuation System 2010 |
| Corporations Act | Corporations Act 2001 |
| FCA | Federal Court of Australia |
| FSCODA | Financial Services (Collection of Data) Act 2001 |
| FSI | Financial System Inquiry |
| FSSA | Financial Sector Shareholding Act 1998 |
| ICCPR | International Covenant on Civil and Political Rights |
| ISA | Industry Super Australia |
| IT | Information technology |
| OBPR | Office of Best Practice Regulation |
| PHD | Portfolio Holdings Disclosure |
| REST | Retail Employee Superannuation Trust |
| RIS | Regulation Impact Statement |
| RSE | Registrable superannuation entity |
| SAF | Small APRA funds |
| SG | Superannuation Guarantee |
| SIS Act | Superannuation Industry (Supervision) Act 1993 |
| SIS Regulations | Superannuation Industry (Supervision) Regulations 1994 |
| SMSF | Self-managed superannuation funds |