Commonwealth Consolidated Acts Commonwealth Consolidated Acts
Financial Sector (Collection of Data--Consequential and Transitional Provisions) Act 2001
1 Items 92 and 92A of Schedule 2
Repeal the items.
2 Items 101 to 130AA of Schedule 2
Repeal the items.
Retirement Savings Accounts Act 1997
3 Before subsection 182(1)
Insert:
Definition
(1A) In this section:
"regulatory provision , in relation to an RSA institution, " means:
(a) a provision of this Act or the regulations; or
(b) any of the following provisions of the Corporations Act 2001 as applying in relation to RSA products (within the meaning of Chapter 7 of that Act) that are provided by the RSA institution:
(i) subsection 1013K(1) or (2);
(ii) subsection 1016A(2) or (3);
(iii) subsection 1017B(1);
(iv) subsection 1017C(2), (3) or (5);
(v) subsection 1017D(1);
(vi) subsection 1017DA(3);
(vii) subsection 1017E(3) or (4);
(viii) subsection 1020E(8) or (9);
(ix) subsection 1021C(1) or (3);
(x) subsection 1021D(1);
(xi) subsection 1021E(1);
(xii) subsection 1021O(1) or (3);
(xiii) section 1041E;
(xiv) subsection 1041F(1);
(xv) any other provisions that are specified in regulations made for the purposes of this subparagraph.
4 Subsection 182(1A) (after paragraph (a) of the definition of regulatory provision )
Insert:
(aa) a provision of the Financial Sector (Collection of Data) Act 2001 ; or
5 Application of amendment made by item 4
The amendment made by item 4 applies only on and after the day on which the reporting standards determined under section 13 of the Financial Sector (Collection of Data) Act 2001 begin to apply under section 15 of that Act to financial sector entities (within the meaning of that Act) that are RSA providers (within the meaning of the Retirement Savings Accounts Act 1997 ).
6 Paragraph 182(2)(a)
Omit "this Act or the regulations", substitute "any of the regulatory provisions".
7 Subsection 182(4)
Omit "the provisions of this Act and the regulations", substitute "the regulatory provisions".
Superannuation Industry (Supervision) Act 1993
8 Before section 39
Insert in Division 2 of Part 5:
In this Division:
"regulatory provision , in relation to a superannuation entity, " means:
(a) a provision of this Act or the regulations; or
(b) any of the following provisions of the Corporations Act 2001 as applying in relation to financial products (within the meaning of Chapter 7 of that Act) that are interests in the superannuation entity:
(i) subsection 1013K(1) or (2);
(ii) subsection 1016A(2) or (3);
(iii) subsection 1017B(1);
(iv) subsection 1017C(2), (3) or (5);
(v) subsection 1017D(1);
(vi) subsection 1017DA(3);
(vii) subsection 1017E(3) or (4);
(viii) subsection 1020E(8) or (9);
(ix) subsection 1021C(1) or (3);
(x) subsection 1021D(1);
(xi) subsection 1021E(1);
(xii) subsection 1021O(1) or (3);
(xiii) section 1041E;
(xiv) subsection 1041F(1);
(xv) subsection 1043A(1) or (2);
(xvi) any other provisions that are specified in regulations made for the purposes of this subparagraph.
9 Section 38A (after paragraph (a) of the definition of regulatory provision )
Insert:
(aa) a provision of the Financial Sector (Collection of Data) Act 2001 ; or
10 Application of amendment made by item 9
The amendment made by item 9 applies only on and after the day on which the reporting standards determined under section 13 of the Financial Sector (Collection of Data) Act 2001 begin to apply under section 15 of that Act to financial sector entities (within the meaning of that Act) that are trustees of superannuation entities (within the meaning of the Superannuation Industry (Supervision) Act 1993 ).
11 Subsection 39(1)
Omit "this Act or the regulations", substitute "a regulatory provision".
12 After subsection 39(1)
Insert:
(1A) In relation to a regulatory provision that states that a person commits an offence if they engage, or fail to engage, in specified conduct, a person is, for the purposes of this Division, taken to contravene the provision if the person engages, or fails to engage, in that conduct.
13 Subparagraph 42(1)(b)(i)
Omit "this Act or the regulations", substitute "any of the regulatory provisions".
14 Sub-subparagraph 42(1)(b)(ii)(A)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
15 Subparagraph 42(1AA)(c)(i)
Omit "this Act or the regulations", substitute "any of the regulatory provisions".
16 Subparagraph 42(1AA)(c)(ii)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
17 Subparagraph 42(1AA)(c)(ii)
Omit "this Act and the regulations", substitute "the regulatory provisions".
18 Subsection 42(1AB)
Omit "this Act or the regulations", substitute "any of the regulatory provisions".
19 Subsection 42(1AB)
Omit "this Act and the regulations", substitute "the regulatory provisions".
20 Subparagraph 42(1AC)(d)(i)
Omit "this Act or the regulations", substitute "any of the regulatory provisions".
21 Subparagraph 42(1AC)(d)(ii)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
22 Subparagraph 42(1AC)(d)(ii)
Omit "this Act and the regulations", substitute "the regulatory provisions".
23 Subsection 42(1AD)
Omit "this Act or the regulations", substitute "any of the regulatory provisions".
24 Subsection 42(1AD)
Omit "this Act and the regulations", substitute "the regulatory provisions".
25 Subsection 42(1A)
Omit "this Act or the regulations", substitute "a regulatory provision".
26 Subparagraph 42A(2)(b)(ii)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
27 Subparagraph 42A(3)(d)(i)
Omit "this Act or the regulations", substitute "any of the regulatory provisions".
28 Subparagraph 42A(3)(d)(ii)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
29 Subparagraph 42A(3)(d)(ii)
Omit "this Act and the regulations", substitute "the regulatory provisions".
30 Paragraph 42A(3)(g)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
31 Subparagraph 42A(4)(c)(i)
Omit "this Act or the regulations", substitute "any of the regulatory provisions".
32 Subparagraph 42A(4)(c)(ii)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
33 Subparagraph 42A(4)(c)(ii)
Omit "this Act and the regulations", substitute "the regulatory provisions".
34 Subparagraph 42A(4)(f)(ii)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
35 Paragraph 42A(5)(a)
Omit "this Act or the regulations", substitute "any of the regulatory provisions".
36 Paragraph 42A(5)(b)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
37 Subparagraph 42A(5)(b)(ii)
After "contravention", insert "or contraventions".
38 Subsection 42A(6)
Omit "the Act or the regulations", substitute "any of the regulatory provisions".
39 Subsection 42A(6)
Omit "this Act and the regulations", substitute "the regulatory provisions".
40 Subparagraph 43(b)(i)
Omit "this Act or the regulations", substitute "any of the regulatory provisions".
41 Sub-subparagraph 43(b)(ii)(A)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
42 Sub-subparagraph 43(b)(iii)(A)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
43 Subparagraph 44(b)(i)
Omit "this Act or the regulations", substitute "any of the regulatory provisions".
44 Sub-subparagraph 44(b)(ii)(A)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
45 Sub-subparagraph 44(b)(iii)(A)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions".
46 Paragraph 63(3)(a)
Omit "this Act or the regulations", substitute "one or more of the regulatory provisions (as defined in section 38A)".
47 Subsection 63(5)
Omit all the words from and including "the provisions of", substitute "the regulatory provisions (as defined in section 38A) applicable to the fund".
48 Subsection 63(6)
Omit "this Act", substitute "the applicable provisions of that Part".