Financial Sector Reform (Hayne Royal Commission Response No. 2) Act 2021 (19 of 2021)

Schedule 3   Advice fees in superannuation

Part 2   Fees for MySuper products

Superannuation Industry (Supervision) Act 1993

7   At the end of subsection 29VA(9A)

Add:

; and (d) the fee is to be paid in accordance with the terms of an arrangement entered into by the member; and

(e) the arrangement is not an ongoing fee arrangement.