Document ID: chunk:federal_register_of_legislation:F2024C00395:body:0:p4
Version: federal_register_of_legislation:F2024C00395
Segment Type: other
Provision Reference: 
Character Range: 8575–11561

as follows:
(a) in paragraph 7.8A.25(2)(a), after "employer and employee", inserting:
                "or that would be a default fund product for the employer and employee if there were no stapled fund for the employee";
(b) in subregulation 7.8A.25(3), after the definition of fund inserting:
                "stapled fund, for an employee at a particular time, has the meaning given by section 32Q of the Superannuation Guarantee (Administration) Act 1992.".

Part 3—Exemptions

7 Exemptions for Part 7.8A of the Corporations Act

Facilities for making non-cash payments
(1) Subsections 994B(1) and (2) of the Act do not apply to a financial product that:
           (a) is a financial product only because it is a non-cash payment facility; and
           (b) is neither of the following:
(i)  a debit card;
(ii) a stored value facility.

Contracts to exchange currency that are to be settled immediately
(2) Subsections 994B(1) and (2) of the Act do not apply to a financial product referred to in section 765A(1)(m) of the Act.
Margin lending to non-natural persons
(3) Subsections 994B(1) and (2) of the Act do not apply to a credit facility that would be a margin lending facility within the meaning of section 761EA of the Act, but for the credit facility being provided to non-natural persons.

Endnotes

Endnote 1—About the endnotes
The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
Abbreviation key—Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Misdescribed amendments
A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section 15V of the Legislation Act 2003.

If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and "(md not incorp)" is added to the amendment history.

Endnote 2—Abbreviation key

ad = added or inserted                          orig =