Treasury Laws Amendment (Payday Superannuation) Act 2025 (57 of 2025)

Schedule 1   Amendments

Part 1   Amendment of the Superannuation Guarantee (Administration) Act 1992

Division 2   Other amendments

Superannuation Guarantee (Administration) Act 1992

32   Subsections 6B(4) to (6)

Repeal the subsections, substitute:

(4) A conversion notice or a revocation notice will not be effective unless, before it is given, the trustee gives written notice of:

(a) the trustee's intention to give the notice; and

(b) the proposed date of effect of the notice;

to each employer contributing to the fund or scheme for the benefit of employees as defined benefit members of the fund or scheme.

(5) If, while the conversion notice is in effect, an employer begins contributing to the fund or scheme for the benefit of employees as defined benefit members of the fund or scheme, the trustee must give the employer written notice of:

(a) the giving of the conversion notice; and

(b) the date of effect of the notice;

within 7 business days of the receipt by the trustee of the employer's first contribution.