Superannuation Industry (Supervision) Amendment Regulations 2007 (No. 1) (74 of 2007)

Schedule 1   Amendments commencing on day after registration

[15]   After regulation 6.17B

insert

6.17C Payment and commutation of pension in breach of standards

If a regulated superannuation fund provides a pension under rules which meet the standards of subregulation 1.06 (2), (7) or (8), the trustee must not:

(a) pay the pension in a way that does not meet the standards of the relevant subregulation; or

(b) allow the pension to be commuted except in accordance with the relevant subregulation.