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House of Representatives

Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012

Explanatory Memorandum

(Circulated by the authority of the Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation, the Hon Bill Shorten MP)

Glossary

The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
APRA Australian Prudential Regulation Authority
ASIC Australian Securities and Investments Commission
MySuper Core Provisions Bill Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2012
Corporations Act Corporations Act 2001
LI Act Legislative Instruments Act 2003
RIS regulation impact statement
RSE registrable superannuation entity
SG Act Superannuation Guarantee (Administration) Act 1992
SIS Act Superannuation Industry (Supervision) Act 1993
SIS Regulations Superannuation Industry (Supervision) Regulations 1994
SMSF self managed superannuation fund
The Review The review into the governance, efficiency, structure and operation of Australia's superannuation system or the Super System Review
TPD total and permanent disability insurance


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