Reg 2.24B omitted by SR No 21 of 2002, reg 3 and Sch 1 item 21, effective 11 March 2002. Reg 2.24B formerly read:
REGULATION 2.24B INFORMATION IF BENEFITS IN CAPITAL GUARANTEED FUND REACHES $10,000
2.24B(1)
If, at the end of a reporting period, the amount of the benefits of a member in a capital guaranteed fund is at least $10,000, the trustee of the fund must give written notice of that fact at the time when the trustee gives to the member the items of information referred to in regulation 2.24A for that reporting period.
2.24B(2)
The notice must include:
(a)
a statement that the information contained in the notice is important and that the notice must be read carefully; and
(b)
a statement that outlines the effect of the lower-risk/lower-return nature of the product on possible benefits in the long term; and
(c)
a suggestion that the member may wish to consider:
(i)
other superannuation arrangements that may provide a greater return over the long term; and
(ii)
seeking advice on alternative investment strategies that may be more suitable.
2.24B(3)
The notice must be prominent and set in bold type on a separate sheet of paper.
Reg 2.24B inserted by SR No 117 of 1997.
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