Superannuation Industry (Supervision) Amendment Regulations 2007 (No. 1) (74 of 2007)
Schedule 1 Amendments commencing on day after registration
[15] After regulation 6.17B
insert
6.17C Payment and commutation of pension in breach of standards
If a regulated superannuation fund provides a pension under rules which meet the standards of subregulation 1.06 (2), (7) or (8), the trustee must not:
(a) pay the pension in a way that does not meet the standards of the relevant subregulation; or
(b) allow the pension to be commuted except in accordance with the relevant subregulation.
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