Superannuation Industry (Supervision) Act 1993
In plain English
This Act sets up a system to supervise and regulate superannuation businesses in Australia.
The Superannuation Industry (Supervision) Act 1993 regulates superannuation businesses. It establishes the Australian Prudential Regulation Authority (APRA) to supervise them. APRA oversees these businesses to ensure they are financially sound and act in members’ best interests. The Act came into force in 1993.
Why it matters
If your business offers or manages superannuation products, this Act is vital. It impacts how you operate and ensures member funds are protected. Non-compliance can affect your business’s ability to function.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Summary
Core super law — trustee duties, sole purpose test, member protections, RSE licensing, SMSF rules.
Topics
Administered by
Source: https://www.legislation.gov.au/Series/C2004A04633. Rules Mate summarises and links; we don't republish full statutory text. Always verify against the live source before acting.