OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

PART II - SUPERANNUATION FUNDS  

Division 2 - Information on fund management  

Subdivision A - Preliminary  

REGULATION 18DA   TRANSITIONAL - CERTAIN PROVISIONS IN REGULATIONS 18E AND 18F  

18DA(1)   [ When regulation applies ]  

Subject to subregulation (4), the provisions of this regulation apply only during the period that commences on 1 July 1992 and ends at the end of 31 December 1992.

18DA(2)   [ Compliance with disclosure requirements to prospective members ]  

If a fund does not satisfy a standard prescribed by paragraph 18E(2)(b) , 18E(3)(d) or 18E(3)(f) in relation to a prospective member before the date on which he or she becomes a member, the fund is taken to have satisfied the standard if the fund performs the action specified in the standard at the earliest practicable time after that date.

18DA(3)   [ Modifications to disclosure requirements ]  

In the application of subregulation (2) to those standards, the following modifications apply:

(a) paragraphs 18E(2)(b) , 18E(3)(d) and 18E(3)(f) have effect with the omission of " a prospective member " and the substitution of " a member " ; and

(b) subparagraph 18E(2)(b)(i) has effect with the omission of " the prospective member would be entitled on joining " and the substitution of " the member is entitled from " ; and

(c) subparagraph 18E(3)(d)(iii) has effect with the omission of " the prospective member would belong on joining the fund " and the substitution of " the member belongs " .

18DA(4)   [ Application of subreg (2) beyond 31 December 1992 ]  

Subregulation (2) extends to action performed by the fund after 31 December 1992 in relation to a prospective member who becomes a member on a date ( the joining date ) that occurs on or before 31 December 1992, if the fund performs the action at the earliest practicable time after the joining date.

18DA(5)   [ Advice to former members ]  

An advice given under regulation 18F does not have to comply with paragraph 18F(c) .

18DA(6)   [ Modified effect of reg 18F(d) ]  

Paragraph 18F(d) has effect with the omission of " (c), (d) and (e), " and the substitution of " (c) and (d), " .