delete Superannuation Industry (Supervision) (Transitional Provisions) Regulations (Amendment)
An amendment to the Superannuation Industry (Supervision) (Transitional Provisions) Regulations, adjusting transitional arrangements for superannuation funds adapting to new regulatory requirements.
This 2005 amendment's transitional provisions are likely obsolete after two decades, imposing unnecessary compliance costs and legal complexity. Even if any provisions remain relevant, they should be incorporated into primary legislation with sunset clauses rather than persisting as amendments, which violates principles of regulatory simplicity and imposes unseen administrative burdens on funds and employers.