Prudential standards dealing with assets attributed to former MySuper products
29XA Prudential standards dealing with assets attributed to former MySuper products
A prudential standard determined under section 34C may include provisions:
requiring an RSE licensee who is authorised to offer a class of beneficial interest in a regulated superannuation fund as a MySuper product to transfer any asset or assets of the fund that are attributed to the MySuper product into another MySuper product within the fund, or a MySuper product within another fund, if the authority is cancelled under subsection 29U(1); and
setting out the requirements that must be met in relation to the transfer of such an asset or assets; and
dealing with other matters relating to such an asset or assets.
This Act’s bill:Second reading speech
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