The objective of superannuation

In force

(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.

(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.

This Act’s bill:Explanatory memorandum Second reading speech

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5 The objective of superannuation