Superannuation Guarantee (Administration) Amendment Act 2015 (71 of 2015)
Schedule 2 Transfers to successor funds
Superannuation Guarantee (Administration) Act 1992
5 At the end of Division 4 of Part 3A
Add:
32J A successor fund may become a chosen fund
For the purposes of this Act, if:
(a) an employee's interest in a superannuation fund (the original fund ) is transferred to another superannuation fund without the consent of the member; and
(b) the other fund is a successor fund (within the meaning of the Income Tax Assessment Act 1997) in relation to the transfer; and
(c) immediately before the transfer takes effect, the original fund was a chosen fund for the employee; and
(d) at the time the transfer takes effect, the other fund:
(i) is an eligible choice fund; and
(ii) is a fund to which the employer can make contributions for the benefit of the employee;
from the time the transfer takes effect, the other fund is taken to be a chosen fund for the employee, and the original fund is taken no longer to be a chosen fund for the employee.