Commonwealth Numbered Acts

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SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - SECT 42

Insertion of new s ection
42. After section 167AA of the Principal Act, the following section is
inserted: Exercise of certain powers by Minister

"167AB. The Minister may not make a declaration or determination (other than a
determination under section 241) under this Act that is a disallowable
instrument unless:

   (a)  the Board has consented to the making of the declaration or
        determination; or

   (b)  the declaration or determination:

        (i)    relates to a payment by an employer-sponsor within the meaning
               of the Superannuation Industry (Supervision) Act 1993 that
               will, after the making of the declaration or determination, be
               required or permitted to be made under this Act; or

        (ii)   relates solely to the termination of the Fund; or

        (iii)  is made or given in circumstances covered by regulations made
               for the purposes of subparagraph 60(1)(b)(iii) of the
               Superannuation Industry (Supervision) Act 1993.". 


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