Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - SECT 80

80. Section 5 of the Principal Act is amended by inserting after subsection
(1) the following subsections:

(1A) The Minister may not amend the Trust Deed unless:

   (a)  the Board has consented to the amendment; or

   (b)  the amendment:

        (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 amendment, be required or
               permitted to be made under this Act; or

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

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

(1B) For the purposes of subparagraph (1A)(b)(i), a payment under the Trust
Deed or the Rules is taken to be a payment by an employer-sponsor referred to
in that subparagraph.".