SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994

PART 7 - CONTRIBUTION AND BENEFIT ACCRUAL STANDARDS (REGULATED SUPERANNUATION FUNDS)  

Division 7.1 - General  

REGULATION 7.01   INTERPRETATION  

7.01(1)   [Accrual of benefits in a fund]  

In this Division, a reference to the accrual of benefits in a fund does not include:


(a) allocations of investment earnings or charging of costs; or


(b) benefits rolled over or transferred into the fund.

7.01(1A)   [ " child " ]  

In this Division:

child
means an individual who is under age 18.

7.01(2)   [Expressions used as in Pt 5]  

Expressions used in this Division that are defined for the purposes of Part 5 have the same meanings respectively as in that Part.

7.01(3)   [ " gainfully employed' " ]  

In this Part, a person is gainfully employed on a part-time basis during a financial year if the person was gainfully employed for at least 40 hours in a period of not more than 30 consecutive days in that financial year.

Note: Gainfully employed is defined in regulation 1.03 .




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