Superannuation Legislation Amendment (MySuper Measures) Regulation 2013 (155 of 2013)
Schedule 1 Amendments relating to MySuper
Superannuation Industry (Supervision) Regulations 1994
103 After regulation 11.07A
11.08 Operating standard - disclosure of successor fund transfer
(1) For subsections 31(1) and 32(1) of the Act, it is a standard applicable to the operation of a superannuation entity, other than a pooled superannuation trust or a self managed superannuation fund, that the trustee must give notice in writing to the Regulator, in accordance with subregulation (2), of a decision to transfer a members benefits from the fund, without the members consent.
(2) Notice under subregulation (1) must be given:
(a) as soon as practicable after the making of the decision to transfer the members benefits from the fund; or
(b) if the fund is being wound up - before the winding up is commenced.