Federal Register of Legislation
Treasury Laws Amendment (Your Future, Your Super) Act 2021
No. 46, 2021
An Act to amend the law relating to superannuation, and for related purposes
Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Single default account Part 1—Main amendments Superannuation Guarantee (Administration) Act 1992 Part 2—Consequential amendments Superannuation Act 1990 Superannuation Act 2005 Schedule 2—Addressing underperformance in superannuation Part 1—Main amendments Superannuation Guarantee (Administration) Act 1992 Superannuation Industry (Supervision) Act 1993 Part 2—Application Part 3—Contingent amendments Division 1—Amendments contingent on Schedule 1 to the Treasury Laws Amendment (Self Managed Superannuation Funds) Act 2021 Superannuation Industry (Supervision) Act 1993 Division 2—Amendments contingent on the Family Law Amendment (Western Australia De Facto Superannuation Splitting and Bankruptcy) Act 2020 Superannuation Industry (Supervision) Act 1993 Schedule 3—Best financial interests duty Part 1—Main amendments Superannuation Industry (Supervision) Act 1993 Part 2—Other amendments Corporations Act 2001
Treasury Laws Amendment (Your Future, Your Super) Act 2021 No. 46, 2021
An Act to amend the law relating to superannuation, and for related purposes
[Assented to 22 June 2021]
The Parliament of Australia enacts:
1 Short title This Act is the Treasury Laws Amendment (Your Future, Your Super) Act 2021.
2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table The day this Act receives the Royal Assent. 22 June 2021 2. Schedule 1 The day after this Act receives the Royal Assent. 23 June 2021 3. Schedule 2, Parts 1 and 2 The day after this Act receives the Royal Assent. 23 June 2021 4. Schedule 2, Part 3, Division 1 The later of: 1 July 2021 (a) immediately after the commencement of the provisions covered by table item 3; and (paragraph (b) applies) (b) immediately after the commencement of Schedule 1 to the Treasury Laws Amendment (Self Managed Superannuation Funds) Act 2021. However, the provisions do not commence at all if the event mentioned in paragraph (b) does not occur. 5. Schedule 2, Part 3, Division 2 The later of: 28 September 2022 (a) immediately after the commencement of the provisions covered by table item 3; and (paragraph (b) applies) (b) immediately after the commencement of the Family Law Amendment (Western Australia De Facto Superannuation Splitting and Bankruptcy) Act 2020. However, the provisions do not commence at all if the event mentioned in paragraph (b) does not occur. 6. Schedule 3 1 July 2021. 1 July 2021
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