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House of Representatives

Superannuation Legislation Amendment (Further MySuper and Transparency Measures) 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)


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

Abbreviation Definition
APRA Australian Prudential Regulation Authority
APRA Act Australian Prudential Regulation Authority Act 1998
ASIC Australian Securities and Investments Commission
Corporations Act Corporations Act 2001
DEEWR Department of Education, Employment and Workplace Relations
ERF Eligible Rollover Fund
FW Act Fair Work Act 2009
FSCOD Act Financial Sector (Collection of Data) Act 2001
FWA Fair Work Australia
LI Act Legislative Instruments Act 2003
MySuper Core Provisions Bill Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011
Retirement Savings Accounts Act Retirement Savings Accounts Act 1997
RIS regulation impact statement
RSE registrable superannuation entity
SG Act Superannuation Guarantee (Administration) Act 1992
SG Regulations Superannuation Guarantee (Administration) Regulations 1993
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 (Cooper Review)
TPCA Act Fair Work (Transitional Provisions and Consequential Amendments) Act 2009
TPD total permanent disability insurance
Trustee Obligations and Prudential Standards Act Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Act 2012

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