Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
This regulation applies if a member of a superannuation fund, who has a superannuation interest in the growth phase, elects to receive a pension in relation to that interest or part of that interest.
7.1.04E(2) [ When financial product issued]For paragraph 761E(7)(a) of the Act, the superannuation fund is taken to issue a new financial product when:
(a) it acknowledges receipt of the member's election; or
(b) it makes the first payment of the pension;
whichever occurs first.
7.1.04E(3) [ Definitions]For this regulation:
growth phase
has the meaning given by regulation
1.03AB
of the SIS Regulations.
pension
has the meaning given by subregulation
1.06(1)
of the SIS Regulations.
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