SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994

PART 5 - BENEFIT PROTECTION STANDARDS  

Division 5.2 - Minimum benefits  

REGULATION 5.04   MINIMUM BENEFITS - REGULATED SUPERANNUATION FUNDS  

5.04(1)   [Member's minimum benefits]  

Subject to regulations 5.05 , 5.06 and 5.06B , a member's minimum benefits in a regulated superannuation fund are as set out in this regulation.

5.04(2)   [Accumulation fund]  

If the fund is an accumulation fund, the member's minimum benefits are all of the member's benefits in the fund.

5.04(3)   [Defined benefit fund]  

If the fund is a defined benefit fund, the member's minimum benefits are as follows:


(a) if the member belongs to a class of employees in relation to which a relevant benefit certificate applies, the amount of the member's minimum requisite benefit; or


(b) in any other case:


(i) the member's member-financed benefits; and

(ii) the member's mandated employer-financed benefits; and

(iii) Government co-contribution benefits and any investment earnings on them; and

(iv) any amount allocated under regulation 292-170.03 of the Income Tax Assessment Regulations 1997 .




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.