Treasury Laws Amendment (Putting Consumers First - Establishment of the Australian Financial Complaints Authority) Act 2018 (13 of 2018)

Schedule 3   Repeal of the Superannuation (Resolution of Complaints) Act 1993

Part 2   Consequential amendments

Retirement Savings Accounts Act 1997

13   Subsection 95(1A)

Repeal the subsection, substitute:

(1A) If it appears to ASIC that an RSA provider has refused or failed to give effect to a determination made under the AFCA scheme (within the meaning of Chapter 7 of the Corporations Act 2001), ASIC may, by written notice, tell the RSA provider that ASIC proposes to conduct an investigation of the whole or a part of the affairs of the RSA provider.