Superannuation Industry (Supervision) Regulations 1994

REGULATION 2.31 EXCEPTION - BENEFITS DETERMINED BY LIFE POLICIES  
2.31
Paragraphs 2.29(1)(e), (f) and (g) do not apply to funds from which the benefits paid to each individual member:

(a) are wholly determined by reference to policies of life assurance; or

(b) if paragraph (a) does not apply only because shares in the life insurance company issuing the policies were acquired because the company was demutualised:

(i) would otherwise be wholly determined by reference to policies of life assurance; and

(ii) the shares have been held for no longer than 18 months from the date of acquisition.