Superannuation Guarantee (Administration) Amendment Act 2015 (71 of 2015)

Schedule 2   Transfers to successor funds

Superannuation Guarantee (Administration) Act 1992

4   Before subsection 32C(2B) (before the heading)

Insert:

(2AB) For the purposes of subparagraph (2)(ba)(iii), a fund (the new fund ) meets the requirements to be a successor default fund if:

(a) the employee's interest in a fund (the original fund ) is transferred to the new fund without the consent of the member; and

(b) the original fund is a fund:

(i) to which subparagraph (2)(ba)(i) applies; or

(ii) to which subparagraph (2)(ba)(ii) applies, or would have applied if the transfer had not occurred; and

(c) the new fund is a successor fund (within the meaning of the Income Tax Assessment Act 1997) in relation to the transfer.