Treasury Laws Amendment (Legacy Retirement Product Commutations and Reserves) Regulations 2024 (Cth)

Treasury Laws Amendment (Legacy Retirement Product Commutations and Reserves) Regulations 2024

I, the Honourable Sam Mostyn AC, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 5 December 2024

Sam Mostyn AC Governor‑General

By Her Excellency's Command

Stephen Jones Assistant Treasurer Minister for Financial Services

Contents 1 Name 2 Commencement 3 Authority 4 Schedules Schedule 1—Amendments Part 1—Commutation of certain pensions and annuities Retirement Savings Accounts Regulations 1997 Superannuation Industry (Supervision) Regulations 1994 Part 2—Allocations from reserves Income Tax Assessment (1997 Act) Regulations 2021

1 Name This instrument is the Treasury Laws Amendment (Legacy Retirement Product Commutations and Reserves) Regulations 2024.

2 Commencement (1) Each provision of this instrument 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. The whole of this instrument The day after this instrument is registered. 7 December 2024

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument. (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3 Authority This instrument is made under the following: (a) the Income Tax Assessment Act 1997; (b) the Retirement Savings Accounts Act 1997; (c) the Superannuation Industry (Supervision) Act 1993.