Superannuation Legislation Amendment Act 1999 (38 of 1999)

Schedule 2   Amendment of the Superannuation Industry (Supervision) Act 1993

Part 1   Amendments commencing on date of Assent

5   After subsection 59(1)

Insert:

(1A) Despite subsection (1), the governing rules of a superannuation entity may, subject to the trustee complying with any conditions contained in the regulations, permit a member of the entity, by notice given to the trustee in accordance with the regulations, to require the trustee to provide any benefits in respect of the member on or after the member's death to a person or persons mentioned in the notice, being the legal personal representative or a dependant or dependants of the member.