Summary
Amends the Superannuation Industry (Supervision) Act 1993 to strengthen the prudential regulation of superannuation, including providing for: the licensing of trustees of superannuation entities regulated by the Australian Prudential Regulation Authority and the registration of those entities; and enforcement powers and penalty provisions; and Superannuation Industry (Supervision) Act 1993 and Retirement Savings Accounts Act 1997 to expand the reporting requirements for actuaries and auditors. Also contains transitional provisions.