Superannuation Industry (Supervision) Regulations 1994

PART 12 - PRE-1 JULY 1988 FUNDING CREDITS AND DEBITS  

REGULATION 12.11   WHEN AND HOW APRA TO BE NOTIFIED OF PRESCRIBED EVENTS  

12.11(1)   [Time to give notice]  

For the purposes of paragraph 342(4)(b) of the Act, if a prescribed event occurs in relation to a superannuation fund, the trustee of the fund must give notice in writing to APRA of the event not later than:

(a) a date 3 months after the date of the occurrence; or

(b) 31 March 1995;

whichever happens last.

12.11(2)   [Statements to accompany notice]  

The notice must have with it:

(a) a statement of an amount that is certified by a superannuation actuary as the amount by which the pre-1 July 88 funding credits available in the fund is reduced as a result of the prescribed event; and

(b) a statement by the trustees of the fund that describes the prescribed event in sufficient detail to allow the statement to be properly considered.

12.11(3)   [Extension of time to give notice]  

In spite of subregulation (1), APRA may give notice in writing to the trustee of a superannuation fund extending the time in which the trustee must give notice to APRA of a prescribed event.