Superannuation Legislation Amendment (Service Providers and Other Governance Measures) Act 2013 (61 of 2013)
Schedule 1 Amendments
Part 1 Amendments
Superannuation Industry (Supervision) Act 1993
111 Before section 140
Insert:
139B Acting trustee authorised to operate an eligible rollover fund
(1) This section applies if the trustee, or the trustees, of an eligible rollover fund is or are suspended or removed.
(2) The Regulator must not appoint a person to act as trustee of the fund unless the person has made elections of the kind referred to in sections 242B and 242C.
(3) The person appointed to act as trustee of the fund is taken to have been authorised to operate the eligible rollover fund.
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