Superannuation Industry (Supervision) Act 1993
PART 24
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ELIGIBLE ROLLOVER FUNDS
Division 2
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Authority to operate an eligible rollover fund
Subdivision E
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Miscellaneous
SECTION 242R
242R
NO LIABILITY FOR GIVING EFFECT TO A SECTION 242B ELECTION
A trustee of a regulated superannuation fund is not subject to any liability to a member of the fund for an action taken to give effect to an election made in accordance with section 242B .
View history note
Hide history note[ CCH Note: Pt 24 has effect in relation to standard employer-sponsored funds and eligible rollover funds, and their trustees, as if it were modified by amendments to s 244 , 247 , 248 and 249 - see ISC Modification Declaration No 4 under s 244 , 247 , 248 and 249 .]
A trustee of a regulated superannuation fund is not subject to any liability to a member of the fund for an action taken to give effect to an election made in accordance with section 242B .
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