Superannuation Industry (Supervision) Legislation Amendment Act 1995 (144 of 1995)

Schedule 4   AMENDMENTS OF THE SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

28   After section 70

Insert:

Commissioner may determine a person to be a standard employer-sponsor

"70A.(1) For the purposes of this Part, the Commissioner may determine in writing that a person, who is not a standard employer-sponsor of a regulated superannuation fund within the meaning of subsection 16(2), is taken to be a standard employer-sponsor of the fund.

"(2) If the Commissioner makes a determination under subsection (1) or revokes a determination so made, the Commissioner must as soon as practicable after making or revoking the determination, inform the trustee of the regulated superannuation fund concerned, in writing, of the making or revocation of the determination.".