Superannuation Industry (Supervision) Regulations 1994
PART 9AA
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REQUIREMENTS RELATING TO MYSUPER PRODUCTS
REGULATION 9.49
9.49
OPT-OUT INSURANCE FOR MYSUPER MEMBERS CANNOT BE OBTAINED AT REASONABLE COST
For subsection 68AA(7) of the Act, the circumstances are that the trustee certifies, in writing, that the trustee is reasonably satisfied the risk that is to be insured cannot:
(a) be placed with an insurer at a reasonable cost; or
(b) be provided on an opt-out basis.
[ CCH Note: The first occurring Part 9A heading has been renumbered to Part 9AA, in line with an editorial change made by the Federal Register of Legislation under the Legislation Act 2003 .]
View history note
Hide history noteFor subsection 68AA(7) of the Act, the circumstances are that the trustee certifies, in writing, that the trustee is reasonably satisfied the risk that is to be insured cannot:
(a) be placed with an insurer at a reasonable cost; or
(b) be provided on an opt-out basis.
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