Superannuation (Objective) Act 2024

SECTION 5   THE OBJECTIVE OF SUPERANNUATION  

5(1)    
The objective of superannuation is to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.

5(2)    
This section does not affect:

(a)    the operation of any law of the Commonwealth (other than this Act or regulations made under this Act); or

(b)    the operation of the governing rules (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) of any superannuation entity (within the meaning of that Act); or

(c)    any power, duty, right or liability of the trustee (within the meaning of that Act) of such an entity in its capacity as trustee.


 

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