Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Act 2010 (82 of 2010)

Schedule 4   Amendment of other Acts

Part 1   Amendments

Superannuation Industry (Supervision) Act 1993

36   At the end of section 263


(3) To avoid doubt, this section applies to a superannuation entity, in the same way as this section applies to any other superannuation entity, if either of the following apply:

(a) the superannuation entity is wound up, dissolved or terminated;

(b) the trustee of the superannuation entity is or becomes:

(i) if the trustee is a body corporate - an externally-administered body corporate (within the meaning of theCorporations Act 2001); or

(ii) if the trustee is an individual - insolvent under administration.