Superannuation Industry (Supervision) Act 1993

PART 11A - GENERAL FEES RULES  

SECTION 99BA   NO EXIT FEES  

99BA(1)    
The trustee, or the trustees, of a regulated superannuation fund or an approved deposit fund must not charge exit fees, except in circumstances prescribed by the regulations.

99BA(2)    
An exit fee is a fee, other than a buy-sell spread, that relates to the disposal of all or part of a member ' s interests in a superannuation entity.




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