The Superannuation Laws Amendment (2014 Measures No 1) Regulation 2014 was registered Tue 26.8.2014. It contains amendments to the SIS regs and the RSA regs that are minor and technical in nature which relate to:
- verification of SMSF and member details;
- timeframes for rollover and transfers;
- unique contribution identifiers;
- amendments to the life insurance definition; and
- Trans-Tasman portability.
The timeframes for rollovers and transfers amendments and the Trans-Tasman portability amendments apply on and after 1 July 2013. The other amendments apply from Wed 27.8.2014.
[LTN 164, 26/8/14]