Superannuation Industry (Supervision) Act 1993
PART 6
-
PROVISIONS RELATING TO GOVERNING RULES OF SUPERANNUATION ENTITIES
SECTION 55A
RULES ABOUT CASHING BENEFITS AFTER DEATH OF MEMBERS
55A(1)
The governing rules of a regulated superannuation fund must not permit a fund member's benefits to be cashed after the member's death otherwise than in accordance with standards prescribed for the purposes of section 31 .
55A(2)
If the governing rules of a fund are inconsistent with subsection (1):
(a) subsection (1) prevails; and
(b) the governing rules are invalid, to the extent of the inconsistency.
The governing rules of a regulated superannuation fund must not permit a fund member's benefits to be cashed after the member's death otherwise than in accordance with standards prescribed for the purposes of section 31 .
55A(2)
If the governing rules of a fund are inconsistent with subsection (1):
(a) subsection (1) prevails; and
(b) the governing rules are invalid, to the extent of the inconsistency.
View history note
Hide history noteThis information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.