Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019 (16 of 2019)

Schedule 1   Fees charged to superannuation members

Part 1   Amendments

Superannuation Industry (Supervision) Act 1993

11   After subsection 29VB(4)

Insert:

Reduced fees for employees with low balances

(4A) Each of the following is satisfied:

(a) the administration fee is charged at a reduced amount, in accordance with section 99G, in relation to one or more employee members of the fund;

(b) in relation to the remaining employee members of the fund, the administration fee would be in accordance with subsection (2), (3) or (4) if those were the only employee members of the fund.