This article is more than 36 months old and is now archived. This article has not been updated to reflect any changes to the law.
On 24 June 2010, the Superannuation Industry (Supervision) Amendment Bill 2010 (Bill) was passed through the Senate without amendment. The Bill is due to receive Royal Assent shortly (usually within 7-10 working days). This signals a number of changes to the borrowing arrangements of super funds.
You can read how the new rules will affect your super fund in an earlier ClearLaw article here.
Cleardocs documents are being updated, read more
The proposed changes discussed in this article were implemented as proposed.You can read an article about the changes here.The article sets out:
Cleardocs products are being updated, on the advice of Maddocks Lawyers, to reflect the Superannuation Industry (Supervision) Amendment Bill 2010.
The documents available on Cleardocs from the date of Royal Assent will reflect the new rules. You should wait for the new versions if you are obtaining documents for signing, or in respect of a loan which will take place, after the new rules take effect.
If you order a document package before the change but you do not — or your client does not — sign the documents or settle on the relevant transaction until after the change, then you can log in to get the updated documents that reflect the new law. You will not have to pay the Cleardocs fee for the updated documents. However, if you ordered printing and binding and:
You can order the printing and binding again, by clicking the green button “More”, then the light blue button “Order Extra Printing”.
Qualifications: LLB, University of Sheffield, LLM(CL), University of British Columbia
Georgia is a member of Maddocks Commercial team and assists in a variety of commercial and corporate matters for private, public and not-for-profit clients.
Her expertise includes advising on general commercial law, wills and estates law, charities and not-for-profit law along with corporate law.
The legal information and commentary on this site is general only. Documents ordered through Cleardocs affect the user's legal rights and liabilities. To assess their suitability for the user, legal accounting and financial advice must be obtained.