Document ID: chunk:federal_register_of_legislation:C2013C00431:clause:1_23a
Version: federal_register_of_legislation:C2013C00431
Segment Type: clause
Provision Reference: sch 1 cl 23A
Character Range: 14344–15671

23A  Terms relating to superannuation
 (1) MySuper product has the meaning given by the Superannuation Industry (Supervision) Act 1993.
 (1A) A standard MySuper product is a MySuper product that is not an employer MySuper product.
 (1B) An employer MySuper product is a tailored MySuper product or a corporate MySuper product.
 (2) A tailored MySuper product is a MySuper product in relation to which section 29TB of the Superannuation Industry (Supervision) Act 1993 is satisfied.
 (3) A corporate MySuper product is a MySuper product that is offered by a superannuation fund that:
 (a) is a standard employer‑sponsored fund (within the meaning of the Superannuation Industry (Supervision) Act 1993); and
 (b) is not a public offer superannuation fund (within the meaning of that Act); and
 (c) has:
 (i) one standard employer‑sponsor (within the meaning of that Act); or
 (ii) 2 or more standard employer‑sponsors (within the meaning of that Act) that are associates of each other for the purposes of that Act.
 (4) A reference in this Act to a superannuation fund doing a thing in relation to a matter (for example, offering a MySuper product or making an application or submission) is a reference to the RSE licensee (within the meaning of the Superannuation Industry (Supervision) Act 1993) of the fund doing that thing.