Superannuation Industry (Supervision) Regulations 1994

REGULATION 2.11A INFORMATION BY ELIGIBLE ROLLOVER FUNDS TO TRUSTEES OF TRANSFEROR FUNDS AND TO RSA PROVIDERS  
2.11A(1)
The information that the trustee of an eligible rollover fund must be satisfied has been received by:

(a) the trustee of a transferor fund before a beneficiary of the transferor fund is issued with a superannuation interest under section 243 of the Act; or

(b) the RSA provider before an RSA holder is issued with a superannuation interest under section 89 of the RSA Act; or

(c) the trustee of an EPSSS before a beneficiary of the EPSSS is issued with a superannuation interest in the circumstance mentioned in paragraph 3.09A(1)(b);

is the information specified in subregulation (2).

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History

Reg 2.11A(1) amended by SR No 14 of 1999 and substituted by SR No 117 of 1997.

2.11A(2)
The information is all information that the trustee reasonably believes that a person would reasonably need for the purpose of:

(a) understanding the main features of the relevant sub-plan or, if none, of the fund; and

(b) making an informed judgment about the management and financial condition of the fund and of the relevant sub-plan (if any); and

(c) making an informed judgment about the investment performance of the relevant sub-plan or, if none, of the fund.

2.11A(3)
[ CCH Note: MODIFICATION DECLARATION No 14 (No GN 24 of 19 June 1996) provides that the Regulations have effect, in relation to eligible rollover funds, and their trustees, as if they were modified by inserting after reg 2.11A(2):

2.11A(3)
In this regulation, ' transferor fund ' includes a transferor fund within the meaning of Part III of the applied OSS Regulations.

This declaration is taken to have commenced on 1 July 1995.