Superannuation Industry (Supervision) Amendment Regulations 2007 (No. 1) (74 of 2007)

Schedule 3   Amendments commencing on 1 July 2007

[63]   Subregulation 6.33 (2)

substitute

(2) If the trustee of the fund requires further information that is mandatory information in the form in Schedule 2A (whether or not the request is made using the form):

(a) the trustee must, within 10 working days after receiving the request, ask the member for the information; and

(b) if the trustee has not received the information within 10 working days after making the request, the trustee must make reasonable further inquiries of the member to obtain the information.

Note If a request does not include all of the mandatory information in the form in Schedule 2A (whether or not the request is made using the form) the trustee may still roll over or transfer the amount without asking for the rest of the mandatory information.

(3) If the trustee of the fund requires further information in relation to a request for a partial transfer:

(a) the trustee must, within 10 working days after receiving the request, ask the member for the information; and

(b) if the trustee has not received the information within 10 working days after making the request, the trustee must make reasonable further inquiries of the member to obtain the information.

(4) If the trustee of the fund requires the information under subregulation 6.34 (3):

(a) the trustee must, within 10 working days after receiving the request, ask the member for the information; and

(b) if the trustee has not received the information within 10 working days after making the request, the trustee must make reasonable further inquiries of the member to obtain the information.