Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - SECT 43

43. Section 168 of the Principal Act is amended by inserting after subsection
(12) the following subsections:

(13) Regulations may not be made after the commencement of this subsection
unless:

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

   (b)  the regulations:

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

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

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

(14) If any regulations in force at the commencement of this subsection confer
a power on the Commissioner:

   (a)  that power is exercisable after that commencement by the Board and not
        by the Commissioner; and

   (b)  any determination, approval or other thing that was made, given or
        done by the Commissioner under that power before that commencement is
        taken, after that commencement, for the purposes of this Act (other
        than section 154 and Part XA) to have been made, given or done by the
        Board.".