Superannuation Industry (Supervision) Regulations 1994
PART 7 - CONTRIBUTION AND BENEFIT ACCRUAL STANDARDS (REGULATED SUPERANNUATION FUNDS)
Division 7.2 - Contributions to be allocated to members
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Hide history noteSubdivision 7.2.1 - Superannuation data and payment matters
REGULATION 7.07EA EMPLOYEE DETAILS MAY BE PASSED THROUGH DEFAULT FUND
7.07EA(1)
An employer may comply with regulation
7.07E
by giving to a default fund for the employer information that would otherwise be required by that regulation to be given to any other regulated superannuation fund.
7.07EA(2)
If the employer gives information as mentioned in subregulation (1), the employer:
(a)
must give the information on the same day that the information would otherwise be required to be given to the other regulated superannuation fund; and
(b)
in doing so, must comply with any applicable Standards made under subsection
34K(3)
of the Act.
7.07EA(3)
The default fund must pass the information on to the other regulated superannuation fund and, in doing so, comply with any applicable Standards made under subsection
34K(3)
of the Act.
7.07EA(4)
In this regulation:
default fund
, in relation to an employer, means an RSE licensee:
(a)
authorised to offer a MySuper product under section
29T
of the Act; and
(b)
to which the employer mentioned in subregulation (1) makes contributions for the benefit of any of its employees in compliance with subsection
32C(2)
of the
Superannuation Guarantee (Administration) Act 1992
.
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