Superannuation Industry (Supervision) Regulations 1994

PART 6 - PAYMENT STANDARDS  

Division 6.5 - Compulsory rollover and transfer of superannuation benefits in regulated superannuation funds and approved deposit funds  

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History

Div 6.5 substituted by SR No 251 of 2003, reg 3 and Sch 1 item 10, effective 1 July 2004. Div 6.5 formerly read:

Division 6.5 - Additional standards for eligible rollover funds

REGULATION 6.30 OBLIGATIONS OF TRUSTEES  
6.30(1)
The trustee of an eligible rollover fund must comply, as soon as practicable, with a request by a member:

(a) to pay benefits of the member in the fund; or

(b) for payment of any benefit to be in the form of a lump sum.

6.30(2)

(Omitted by SR No 64 of 1995)

Reg 6.30(2) amended by SR No 189 of 1994.

REGULATION 6.38   TRUSTEE'S OBLIGATIONS IF APRA SUSPENDS OR VARIES OBLIGATION TO ROLL OVER OR TRANSFER AMOUNTS  

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6.38(1)   [Effect of suspension]  

If, under regulation 6.36 or 6.37 , APRA suspends a trustee's obligation to roll over or transfer amounts under regulation 6.34 , the trustee must not roll over or transfer an amount under regulation 6.34 for the period of the suspension.

6.38(2)   [Effect of variation]  

If, under regulation 6.36 or 6.37 , APRA varies a trustee's obligation to roll over or transfer amounts under regulation 6.34 , the trustee may roll over or transfer an amount under regulation 6.34 only in accordance with the variation.

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History

Reg 6.38 inserted by SR No 251 of 2003, reg 3 and Sch 1 item 10, effective 1 July 2004.

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