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

Schedule 3   Collection and disclosure of information

Part 2   Application and transitional provisions

45   Savings provision - section 57 determinations

(1) A determination that:

(a) is made under section 57 of the old law; and

(b) is in force immediately before this item commences;

has effect on and after this item commences as if it had been made under section 57 of the new law.

(2) If, before this item commences:

(a) APRA has, for the purposes of paragraph 57(a) of the old law, given an entity, association or other body the opportunity to make representations in respect of information of the kind contained in a document; and

(b) APRA has not made a determination under section 57 of the old law in respect of the document;

any representations made by the entity, association or other body in respect of information of the kind contained in the document, whether the representations are made before, on or after this item commences, are taken to have been made for the purposes of subsection 57(3) of the new law.

(3) In this item:

new law means the Australian Prudential Regulation Authority Act 1998 as amended by this Schedule.

old law means the Australian Prudential Regulation Authority Act 1998 as in force immediately before this item commences.