Superannuation Industry (Supervision) Regulations 1994

PART 6 - PAYMENT STANDARDS  

Division 6.5 - Compulsory rollover and transfer of superannuation benefits in regulated superannuation funds and approved deposit funds  

REGULATION 6.33B   TRANSFERRING FUND MUST ELECTRONICALLY RECEIVE REQUEST  

6.33B(1)    
This regulation applies to a regulated superannuation fund or approved deposit fund (the transferring fund ) if a member of the fund makes a request for the whole or part of the member ' s withdrawal benefit in the transferring fund to be rolled over or transferred to another regulated superannuation fund, approved deposit fund or RSA provider (the receiving fund ).

6.33B(2)    
The transferring fund must be able to electronically receive information in relation to the rollover or transfer sent to the transferring fund:

(a) by the receiving fund, in accordance with regulation 6.33A and any applicable Standards made under subsection 34K(3) of the Act; or

(b) by the receiving fund in accordance with any applicable Standards made under subsection 45B(3) of the RSA Act; or

(c) by the member, in accordance with any Standards made under subsection 34K(3) of the Act or subsection 45B(3) of the RSA Act that apply in relation to requests for rollovers or transfers of withdrawal benefits; or

(d) by the Commissioner of Taxation under regulation 6A.03 .