delete Superannuation Industry (Supervision) Amendment Regulation 2013 (No. 3)
This regulation amended the Superannuation Industry (Supervision) Regulations 1994 to implement the Trans-Tasman Retirement Savings Portability Arrangement between Australia and New Zealand. It established Part 12A, creating rules for handling New Zealand-sourced amounts in Australian superannuation funds and for transferring Australian retirement savings to KiwiSaver schemes. The regulation covered benefit protection standards, payment standards, contribution rules, and conditions for cross-border retirement savings transfers. It was in force from 30 May 2013 to 1 July 2013 only.
This instrument is already repealed and no longer in force, having been effective for only about one month (May 30 - July 1, 2013). While the underlying policy of trans-Tasman retirement savings portability is relatively liberalizing (facilitating cross-border labor and capital mobility), this specific instrument has been superseded. The deletion verdict reflects obsolescence rather than a judgment on the policy itself, as the same provisions were incorporated into succeeding instruments.