Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Act 2012 (171 of 2012)

Schedule 3   Collection and disclosure of information

Part 1   Amendments

Superannuation Industry (Supervision) Act 1993

40   Subsection 10(1) (definition of choice product )

Repeal the definition, substitute:

choice product : A class of beneficial interest in a regulated superannuation fund is a choice product unless:

(a) all the members of the fund who hold that class of beneficial interest in the fund are defined benefit members; or

(b) that class of beneficial interest in the fund is a MySuper product.