Treasury Laws Amendment (Your Future, Your Super) Act 2021 (46 of 2021)

Schedule 1   Single default account

Part 1   Main amendments

Superannuation Guarantee (Administration) Act 1992

13   Subsection 32C(2AB)

Repeal the subsection, substitute:

Contributions to certain successor funds

(2AB) A contribution to a fund (the new fund ) by an employer for the benefit of an employee is made in compliance with the choice of fund requirements if:

(a) the employee's interest in the new fund was transferred to the new fund from another fund (the original fund ) without the employee's consent; and

(b) at the time of the most recent contribution before the transfer to the original fund by the employer for the benefit of the employee, the original fund was a fund:

(i) to which subparagraph (2)(ba)(i) applies; or

(ii) to which subparagraph (2)(ba)(ii) applies, or would have applied if the transfer had not occurred; or

(iii) to which subsection (1A) applies; and

(c) the new fund is a successor fund (within the meaning of the Income Tax Assessment Act 1997) in relation to the transfer.


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