Commonwealth Numbered Regulations

SUPERANNUATION INDUSTRY (SUPERVISION) AMENDMENT REGULATIONS 2000 (NO. 1) 2000 NO. 119 - SCHEDULE 1

(regulation 3)

[1] Subregulation 1.04AA (1)

after

exempt person

insert

mentioned in subregulation (2)

[2] After subregulation 1.04AA (2)

insert

(3)

For the purposes of paragraph 17A (8) (b) of the Act, a class of persons is a specified class if it comprises persons each of whom is a member of a superannuation fund in relation to which the following circumstances exist:

(a)

the person is the employer, but not a relative, of a member of the fund (the employee );

(b)

another member is the employer, and a relative, of that employee.