SMSF – Trustee Obligations and Prudential Standards | SMSF Auditors Melbourne

SMSF – Trustee Obligations and Prudential Standards

Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Act 2012
– C2012A00117
 
Schedule 1—Trustee obligations Superannuation Industry (Supervision) Act 1993 1  Subsection 10(1) Insert: enhanced director obligations, for MySuper products, means the obligations imposed by: (a)  section 29VO; and (b)  covenants prescribed under section 54A that are specified in the regulations as forming part of the enhanced director obligations. 2  Subsection 10(1) Insert: enhanced trustee obligations, for MySuper products, means the obligations imposed by: (a)  covenants referred to in section 52, as enhanced by the obligations imposed under section 29VN; and (b)  covenants prescribed under section 54A that are specified in the regulations as forming part of the enhanced trustee obligations.   To read more click here