Superannuation Industry (Supervision) Act 1993

(Repealed) PART 31 - TRANSITION TO SCHEME PROVIDED FOR IN THIS ACT  

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History

Pt 31 repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.

(Repealed) Division 2 - Entities that have a management company and a trustee  

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Div 2 repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.

(Repealed) Subdivision E - Special provisions in relation to the transitional period  

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Subdiv E repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.

375   (Repealed) SECTION 375 APPLICATION OF SECTION 153 DURING THE TRANSITIONAL PERIOD  
(Repealed by No 123 of 2001)

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S 375 repealed by No 123 of 2001, s 3 and Sch 1 item 340, effective 11 March 2002. S 375 formerly read:

SECTION 375 APPLICATION OF SECTION 153 DURING THE TRANSITIONAL PERIOD  
375
Section 153 applies in relation to the Part 31 entity during the transitional period as if subsection (1) were omitted and the following subsection substituted:

(1) The trustee of a public offer entity must not, intentionally or recklessly, issue a superannuation interest in the entity to a person unless:

(a) the issue is pursuant to an application made to the trustee by the person, or by a standard employer-sponsor of the entity on the person's behalf; and

(b) either:

(i) if the application was made by the person - the person was a member of the entity on 1 July 1994; or

(ii) if the application was made by a standard employer-sponsor - the standard employer-sponsor was a standard employer-sponsor of the entity on 1 July 1994.

S 375 substituted by No 38 of 1999.

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