INFO 169
Notifying members about superannuation transfers: Accrued default amounts (MySuper transition)
This is Information Sheet 169 (INFO 169). Under amendments to the Superannuation Industry (Supervision) Act 1993 (SIS Act), registrable superannuation entity (RSE) licensees will need to be authorised by the Australian Prudential Regulation Authority (APRA) if they wish to offer MySuper products from 1 July 2013.
In plain English
INFO 169 explains how RSE licensees must notify members about superannuation transfers, especially concerning MySuper products.
This guidance, INFO 169, applies to registrable superannuation entity (RSE) licensees. It details requirements related to notifying members about superannuation transfers. RSE licensees need APRA authorisation to offer MySuper products from 1 July 2013. This information sheet provides guidance on fulfilling these obligations.
Why it matters
If your business is an RSE licensee offering MySuper products, understand your notification obligations. This guidance helps ensure compliance with the Superannuation Industry (Supervision) Act 1993 and avoid potential issues with APRA.
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Source: https://www.asic.gov.au/regulatory-resources/superannuation-funds/superannuation-guidance-relief-and-legislative-instruments/notifying-members-about-superannuation-transfers-accrued-default-amounts-mysuper-transition/. Rules Mate indexes + summarises; always verify against the regulator's live publication.