Superannuation Industry (Supervision) Amendment Regulations 1999 (No. 5)

(317 of 1999)

Made under Superannuation Industry (Supervision) Act 1993

These Regulations are the Superannuation Industry (Supervision) Amendment Regulations 1999 (No. 5).

These Regulations commence on gazettal.

Schedule 1 amends the Superannuation Industry (Supervision) Regulations 1994.

omit

regulation 11.08

insert

regulation 5 of the Superannuation (Unclaimed Money and Lost Members) Regulations 1999

substitute

(i) the member:

(A) is a lost member at the end of a member reporting period, or at an earlier time chosen by the trustee that is within that period; or

(B) joins the fund as a lost member; and

(ii) 90 days have elapsed since the relevant time mentioned in subparagraph (i); and

omit everything before sub-subparagraph (ii) (B), insert

(b) in the case of a lost member:

(i) if the member joins the fund as a lost member - the member is lost at any time in the member reporting period; or

(ii) in any other case, the period is:

(A) the first member reporting period beginning after the relevant time mentioned in subparagraph (1) (b) (i); or

omit