Commonwealth Consolidated Acts

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Determining applications to list a standard MySuper product

             (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.

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