Corporations Regulations 2001

SCHEDULE 10A - MODIFICATIONS OF PART 7.9 OF THE ACT  

(regulations 7.9.02 , 7.9.04 , 7.9.05 , 7.9.06 , 7.9.09C , 7.9.11C , 7.9.11N , 7.9.11V , 7.9.12 , 7.9.24 , 7.9.27 , 7.9.30 , 7.9.43 , 7.9.47 , 7.9.51 , 7.9.56 , 7.9.60 , 7.9.61 , 7.9.63 , 7.9.73 and 8.4.02 )

PART 6 - MODIFICATIONS RELATING TO APPLICATION FORMS AND PRODUCT DISCLOSURE STATEMENTS FOR STANDARD EMPLOYER-SPONSOR ARRANGEMENTS AND SUCCESSOR FUNDS  

SECTION 6.2  

6.2    
After subsection 1016A(3)

insert

(3A)
Subsection (3) does not apply in relation to a superannuation product if:

(a) the issuer is a public offer entity that is a successor fund; and

(b) an employer became a standard employer-sponsor of a fund in the following way:

(i) the employer was a standard employer-sponsor of a fund ( fund 1 );

(ii) the benefits of members in fund 1 were transferred to a successor fund;

(iii) the employer was a standard employer-sponsor of fund 1 immediately before those benefits were so transferred;

(iv) the employer was a standard employer-sponsor of the successor fund immediately after those benefits were so transferred.