Treasury Laws Amendment (Your Future, Your Super) Act 2021 (46 of 2021)

Schedule 3   Best financial interests duty

Part 1   Main amendments

Superannuation Industry (Supervision) Act 1993

11   After subsection 52(3)


Payments to third parties must be in best financial interests of beneficiaries

(3A) To avoid doubt, the obligations of the trustee under paragraph (2)(c) apply in respect of payments to a third party by, or on behalf of, the entity.