Superannuation Industry (Supervision) Act 1993

E574446

Australian federal statute superannuation law

The Superannuation Industry (Supervision) Act 1993 is a key Australian law that sets prudential and governance standards for superannuation funds to protect members’ retirement savings.

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Statements (49)

Predicate	Object
instanceOf	Australian federal statute ⓘ superannuation law ⓘ
administeredBy	Australian Prudential Regulation Authority NERFINISHED ⓘ Australian Securities and Investments Commission NERFINISHED ⓘ Australian Taxation Office NERFINISHED ⓘ
appliesTo	approved deposit funds ⓘ pooled superannuation trusts ⓘ regulated superannuation funds ⓘ self managed superannuation funds ⓘ
commencedInDecade	1990s ⓘ
contains	Part 6 dealing with self managed superannuation funds ⓘ civil penalty provisions ⓘ criminal offence provisions ⓘ provisions on investment restrictions ⓘ provisions on reporting and disclosure ⓘ provisions on trustee duties ⓘ
country	Australia ⓘ
enforcedBy	Australian Prudential Regulation Authority NERFINISHED ⓘ Australian Securities and Investments Commission NERFINISHED ⓘ Australian Taxation Office NERFINISHED ⓘ
establishes	conditions of release for superannuation benefits ⓘ covenants deemed into governing rules of funds ⓘ governance standards for superannuation ⓘ prudential standards for superannuation ⓘ rules for in‑house assets ⓘ rules for related party transactions ⓘ sole purpose test for superannuation funds ⓘ
focusesOn	protection of members’ benefits ⓘ prudential soundness of superannuation funds ⓘ
jurisdiction	Commonwealth of Australia NERFINISHED ⓘ
primaryPurpose	protect superannuation members’ retirement savings ⓘ regulate superannuation funds ⓘ set governance standards for superannuation ⓘ set prudential standards for superannuation ⓘ
regulates	approved deposit funds ⓘ pooled superannuation trusts ⓘ self managed superannuation funds ⓘ superannuation funds ⓘ
relatedTo	Income Tax Assessment Act 1997 NERFINISHED ⓘ Superannuation Guarantee (Administration) Act 1992 NERFINISHED ⓘ
requires	annual audit of superannuation funds ⓘ appointment of an approved auditor ⓘ compliance with operating standards ⓘ trustee to act in best interests of members ⓘ trustee to formulate and give effect to an investment strategy ⓘ trustee to keep proper records ⓘ
sector	retirement income system ⓘ
shortName	SIS Act NERFINISHED ⓘ
yearEnacted	1993 ⓘ

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

AustralianSuper → regulatoryFramework → Superannuation Industry (Supervision) Act 1993 ⓘ

The Australian Financial System → hasRegulatoryFramework → Superannuation Industry (Supervision) Act 1993 ⓘ

subject surface form: Australian Financial System