Document ID: chunk:federal_register_of_legislation:F2022L00762:body:0:p1
Version: federal_register_of_legislation:F2022L00762
Segment Type: other
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Character Range: 0–3145

ASIC Corporations (In-use Notices for Employer-sponsored Superannuation and Superannuation Dashboards) Instrument 2022/496
I, Jane Eccleston, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 9 June 2022

Jane Eccleston

Contents

Part 1—Preliminary
1 Name of legislative instrument
2 Commencement
3 Authority
4 Definitions
Part 2—Exemption
5 Obligation of trustees to make product dashboards for choice products publicly available
6 Obligation of trustees to include latest product dashboard in periodic statements
7 Conditions
Part 3—Declaration
8 Requirements for in-use notices of employer-sponsored superannuation
Part 4—Repeal
9 Repeal

Part 1—Preliminary

1 Name of legislative instrument
This is the ASIC Corporations (In-use Notices for Employer-sponsored Superannuation and Superannuation Dashboards) Instrument 2022/496.

2 Commencement
This instrument commences at the same time that ASIC Corporations (Repeal) Instrument 2022/499 commences.

3 Authority
This instrument is made under subsection 1020F(1) of the Corporations Act 2001.

4 Definitions
In this instrument:
Act means the Corporations Act 2001.
choice product has the same meaning as in the Superannuation Industry (Supervision) Act 1993.
public offer superannuation fund has the meaning given by section 18 of the Superannuation Industry (Supervision) Act 1993.
registrable superannuation entity has the same meaning as in the Superannuation Industry (Supervision) Act 1993.
regulated superannuation fund has the same meaning as in the Superannuation Industry (Supervision) Act 1993.
responsible person has the meaning given by subsection 1013A(3) of the Act.
self-managed superannuation fund has the same meaning as in the Superannuation Industry (Supervision) Act 1993.
standard employer-sponsored fund has the meaning given by section 16 of the Superannuation Industry (Supervision) Act 1993.

       Part 2—Exemption

5 Obligation of trustees to make product dashboards for choice products publicly available
A trustee of a regulated superannuation fund does not have to comply with subsection 1017BA(1) of the Act in relation to choice products.

6 Obligation of trustees to include latest product dashboard in periodic statements
A trustee of a regulated superannuation fund that is required to make publicly available a product dashboard for the investment option, under section 1017BA of the Act, does not have to comply with section 1017D of the Act to the extent that provision requires the trustee to comply with paragraph 7.9.20(1)(o) of the Corporations Regulations 2001.

7 Conditions
A trustee that relies on the exemption in section 6 must include in, or in a document accompanying, the periodic statement:
(a) a website address for the latest product dashboard for the investment option; and
(b) a statement to the effect that the latest product dashboard for the investment option can be found at the website address.

Part 3—Declaration

8 Requirements for in-use notices of employer-sponsored superannuation
(1) Part 7.9 of the Act applies in relation to a responsible person for a