Superannuation Guarantee (Administration) Act 1992
A conversion notice is a written notice by the trustee of a superannuation fund given to the Commissioner stating that the fund, or a particular superannuation scheme embodied in the governing rules of the fund, is to be treated as a defined benefit superannuation scheme for the purposes of this Act.
View history note
Hide history noteSubject to subsection (4), a conversion notice takes effect in relation to the fund or scheme on the day specified in the notice. Subject to subsection (4), the trustee may, by written notice ( revocation notice ) given to the Commissioner, revoke the conversion notice.
A conversion notice may be expressed to take effect on a day that is not earlier than:
(a) if the notice is given before 15 May in a quarter starting on 1 April - 1 January in the previous quarter; or
(b) if the notice is given before 15 August in a quarter starting on 1 July - 1 April in the previous quarter; or
(c) if the notice is given before 15 November in a quarter starting on 1 October - 1 July in the previous quarter; or
(d) if the notice is given before 15 February in a quarter starting on 1 January - 1 October in the previous quarter; or
(e) in any other case - the first day of the quarter in which the notice is given.
A conversion notice or a revocation notice will not be effective unless, before it is given, the trustee gives each employer contributing to the fund or scheme for the benefit of employees written notice of:
(a) the trustee's intention to give the notice; and
(b) the proposed date of effect of the notice.
If an employer begins contributing to a superannuation fund or a superannuation scheme for the benefit of employees at a time when a conversion notice has effect in relation to the fund or scheme, the trustee must give the employer written notice of:
(a) the giving of the conversion notice; and
(b) the date of effect of the notice;
within 30 days of the receipt by the trustee of the employer's first contribution.
A notice under this section may be given by post.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
