Superannuation (Objective) Act 2024
SECTION 5
THE OBJECTIVE OF SUPERANNUATION
5(1)
The objective of superannuation is to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.
5(2)
This section does not affect: (a) the operation of any law of the Commonwealth (other than this Act or regulations made under this Act); or (b) the operation of the governing rules (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) of any superannuation entity (within the meaning of that Act); or (c) any power, duty, right or liability of the trustee (within the meaning of that Act) of such an entity in its capacity as trustee.
The objective of superannuation is to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.
5(2)
This section does not affect: (a) the operation of any law of the Commonwealth (other than this Act or regulations made under this Act); or (b) the operation of the governing rules (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) of any superannuation entity (within the meaning of that Act); or (c) any power, duty, right or liability of the trustee (within the meaning of that Act) of such an entity in its capacity as trustee.
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