Superannuation Legislation Amendment (Choice of Superannuation Funds) Act 2005 (82 of 2005)

Schedule 1   Choice of superannuation funds

Superannuation Guarantee (Administration) Act 1992

9   After subsection 32F(1)

Insert:

(1A) If:

(a) an employer has offered an employee a choice of fund before 1 July 2005; and

(b) the employee has chosen a fund in accordance with the choice of funds that is offered; and

(c) the limitations on that choice are consistent with section 32G or, if the choice was made before the commencement of that section, would have been consistent with section 32G if the section had been in force at the time the choice was made;

then, for the purposes of this Part, any fund chosen by the employee is taken to be the chosen fund for the employee with effect from:

(d) 1 July 2005; or

(e) a date that is 2 months after the fund is so chosen (unless the employer determines an earlier time after 1 July 2005 but within that 2 months);

whichever last occurs.