(1) If an application is made under subsection 156C(3) to have a standard MySuper product included on the Default Superannuation List, the FWC must make a determination about whether to include the product on the list.
(2) The FWC must not determine that the product is to be included on the list unless, taking into account:
(a) the information provided in the application; and
(b) the first stage criteria; and
(c) any submissions that were made in relation to the application;
the FWC is satisfied that including the product on the list would be in the best interests of default fund employees to whom modern awards apply or a particular class of those employees.