Superannuation Industry (Supervision) Act 1993
PART 24
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ELIGIBLE ROLLOVER FUNDS
Division 2
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Authority to operate an eligible rollover fund
Subdivision D
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Trustee obligations relating to eligible rollover funds
SECTION 242N
242N
GOVERNING RULES VOID TO THE EXTENT THAT THEY ARE INCONSISTENT WITH OBLIGATIONS UNDER SECTION 242K OR 242L
A provision of the governing rules of an eligible rollover fund is void to the extent that it is inconsistent with:
(a) the obligations that apply to a trustee of the fund under section 242K ; or
(b) the obligations that apply to the directors of a corporate trustee of the fund under section 242L .
View history note
Hide history note[ CCH Note: Pt 24 has effect in relation to standard employer-sponsored funds and eligible rollover funds, and their trustees, as if it were modified by amendments to s 244 , 247 , 248 and 249 - see ISC Modification Declaration No 4 under s 244 , 247 , 248 and 249 .]
A provision of the governing rules of an eligible rollover fund is void to the extent that it is inconsistent with:
(a) the obligations that apply to a trustee of the fund under section 242K ; or
(b) the obligations that apply to the directors of a corporate trustee of the fund under section 242L .
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