Tax Laws Amendment (2011 Measures No. 9) Act 2012 (12 of 2012)

Schedule 6  

Part 25   Self managed superannuation funds

Division 1   Definition of self managed superannuation fund

Superannuation Industry (Supervision) Act 1993

197   Paragraph 17A(3)(c)

Repeal the paragraph, substitute:

(c) if a member of the fund is under a legal disability because of age and does not have a legal personal representative:

(i) the parent or guardian of the member is a trustee of the fund in place of the member; or

(ii) if the trustee of the fund is a body corporate - the parent or guardian of the member is a director of the body corporate in place of the member; or