Superannuation Industry (Supervision) Amendment Regulations 2008 (No. 4) (282 of 2008)

Schedule 1 Amendments commencing on commencement of Temporary Residents' Superannuation Legislation Amendment Act 2008

substitute

(1) This regulation applies to a member's benefits in a regulated superannuation fund that is not an unfunded public sector superannuation scheme if:

(a) the member:

(i) was a temporary resident; and

(ii) is not an Australian citizen, New Zealand citizen or permanent resident; and

(iii) has departed from Australia; and

(b) the member's visa has ceased to be in effect.

(1A) The member's benefits must be cashed if:

(a) the trustee of the fund receives a request from the member that the benefits be cashed; and

(b) subregulation (2) or (3) is complied with.