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SUPERANNUATION INDUSTRY (SUPERVISION) AMENDMENT (YOUR FUTURE, YOUR SUPER--IMPROVING ACCOUNTABILITY AND MEMBER OUTCOMES) REGULATIONS 2021 (F2021L01076) - SCHEDULE 2

Use of goods or services to influence employers

   

Superannuation Industry (Supervision) Regulations 1994

1  Subparagraph 13.18A(1)(c)(ii)

Omit "the person;", substitute "the person.".

2  Paragraph 13.18A(1)(d)

Repeal the paragraph.

3  At the end of Division 14.29 of Part 14

Add:

14.31   Use of goods or services to influence employers

                   The amendments made by Schedule 2 to the Superannuation Industry (Supervision) Amendment (Your Future, Your Super--Improving Accountability and Member Outcomes) Regulations 2021 apply where any of the following occur on or after the day on which that Schedule commences:

                     (a)  a trustee of a regulated superannuation fund, or an associate of a trustee of a regulated superannuation fund:

                              (i)  supplies, or offers to supply, goods or services to a person, or a relative or associate of a person; or

                             (ii)  supplies, or offers to supply, goods or services to a person, or a relative or associate of a person, at a particular price; or

                            (iii)  gives or allows, or offers to give or allow, a discount, allowance, rebate or credit in relation to the supply, or the proposed supply, of goods or services to a person, or a relative or associate of a person;

                     (b)  a trustee of a regulated superannuation fund, or an associate of a trustee of a regulated superannuation fund, refuses to:

                              (i)  supply, or offer to supply, goods or services to a person, or a relative or associate of a person; or

                             (ii)  supply, or offer to supply, goods or services to a person, or a relative or associate of a person, at a particular price; or

                            (iii)  give or allow, or offer to give or allow, a discount, allowance, rebate or credit in relation to the supply, or the proposed supply, of goods or services to a person, or a relative or associate of a person.



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