Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Act 2012 (171 of 2012)

Schedule 3   Collection and disclosure of information

Part 1   Amendments

Superannuation Industry (Supervision) Act 1993

44   After section 348

Insert:

348A Quarterly reports about superannuation

(1) As soon as practicable after the end of each quarter, the Regulator must publish the following information on its website in respect of the quarter:

(a) the fees charged in relation to MySuper products, on a product by product basis;

(b) the costs incurred in relation to MySuper products, on a product by product basis;

(c) the net returns to beneficiaries of regulated superannuation funds who hold MySuper products, on a product by product basis;

(d) any other information prescribed by the regulations.

(2) The Regulator must not publish the information in a manner that enables the identification of a beneficiary of a regulated superannuation fund.

(4) In this section:

Regulator means APRA.