House of Representatives

Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2019

Revised Explanatory Memorandum

(Circulated by authority of the Assistant Treasurer, the Hon Stuart Robert MP)
This memorandum takes account of amendments made by the Senate to the bill as introduced.

Glossary

The following abbreviations and acronyms are used throughout this Explanatory Memorandum.

Abbreviation Definition
AAT Administrative Appeals Tribunal
AFA Association of Financial Advisers Limited
AGM Annual General Meeting
AIST Australian Institute of Superannuation Trustees
AMM Annual members' meeting
APRA Australian Prudential Regulation Authority
APRA Act Australian Prudential Regulation Authority Act 1998
ASIC Australian Securities and Investments Commission
ASX Australian Securities Exchange
ATO Australian Taxation Office
Bill Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2019
Committee Parliamentary Joint Committee
Cooper Review Review into the Governance, Efficiency, Structure and Operation of Australia's Superannuation System 2010
Corporations Act Corporations Act 2001
FCA Federal Court of Australia
FSCODA Financial Services (Collection of Data) Act 2001
FSI Financial System Inquiry
FSSA Financial Sector Shareholding Act 1998
ICCPR International Covenant on Civil and Political Rights
ISA Industry Super Australia
IT Information technology
OBPR Office of Best Practice Regulation
PHD Portfolio Holdings Disclosure
REST Retail Employee Superannuation Trust
RIS Regulation Impact Statement
RSE Registrable superannuation entity
SAF Small APRA funds
SG Superannuation Guarantee
SIS Act Superannuation Industry (Supervision) Act 1993
SIS Regulations Superannuation Industry (Supervision) Regulations 1994
SMSF Self-managed superannuation funds


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).