OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

PART 3B - PRE-1 JULY 1988 FUNDING CREDITS AND DEBITS  

REGULATION 23PK   TIME AND MANNER IN WHICH PRESCRIBED EVENTS MUST BE NOTIFIED TO THE COMMISSIONER  

23PK(1)   [ When notice must be given ]  

Subject to subregulation (3), if a prescribed event occurs in relation to a superannuation fund, the trustees of the fund must give notice in writing to the Commissioner of the event:

(a) within 3 months of the date of the occurrence; or

(b) on or before 30 June 1994;

whichever date is the later.

23PK(2)   [ Contents ]  

The notice must have with it:

(a) a statement of an amount that is certified by an actuary as the amount by which the pre-1 July 88 funding credit balance of the fund is reduced as a result of the prescribed event; and

(b) a statement by the trustees of the fund that describes the prescribed event in sufficient detail to allow the statement to be properly considered.

23PK(3)   [ Extension ]  

The Commissioner may give notice in writing to the trustees of a superannuation fund extending the time in which the trustees must give notice to the Commissioner of a prescribed event.