Superannuation Industry (Supervision) Regulations 1994
PART 6
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PAYMENT STANDARDS
Division 6.3
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Cashing of benefits
Subdivision 6.3.1
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Regulated superannuation funds
REGULATION 6.22B
6.22B
WHEN BENEFITS IN REGULATED SUPERANNUATION FUNDS MAY BE CASHED IN FAVOUR OF PERSONS EXCEPT MEMBERS
A member's benefits in a regulated superannuation fund may be cashed in favour of a person other than the member if:
(a) the cashing is expressly permitted by the Regulator in a written approval for the purposes of subparagraph 62(1)(b)(v) of the Act; and
(b) the benefits are cashed only to the extent of that approval.
A member's benefits in a regulated superannuation fund may be cashed in favour of a person other than the member if:
(a) the cashing is expressly permitted by the Regulator in a written approval for the purposes of subparagraph 62(1)(b)(v) of the Act; and
(b) the benefits are cashed only to the extent of that approval.
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