Summary
Amends the:
Small Superannuation Accounts Act 1995
,
Superannuation Guarantee (Administration) Act 1992
and
Superannuation Industry (Supervision) Act 1993
to: allow the Superannuation Holding Accounts Special Account to be an eligible choice fund until 30 June 2006; close the Account to new employer deposits from 1 July 2006; and clarify certain employer obligations in relation to employees’ choice of fund; and
Retirement Savings Accounts Act 1997
to allow regulations to prescribe exemptions for retirement savings account providers from the “no employer kick back” provision.