Explanatory Memorandum(Circulated by authority of the Assistant Treasurer, the Rod Kemp)
This clause provides the mode of citation of the Act.
This clause provides that the Act commences on the day it receives Royal Assent. In addition, item 45 of Schedule 1 sets out when items in the Schedule apply and item 34 of Schedule 1 sets out transitional provisions.
This clause provides that each Act specified in a Schedule to this Act is amended or repealed as set out in the Schedule. The Schedule to this Act amends the Superannuation Industry (Supervision) Act 1993 .