Corporations Amendment Regulations 2002 (No. 2) (16 of 2002)

Schedule 1   Amendments commencing at 12.01 am (in the Australian Capital Territory) on 11 March 2002

[75]   After regulation 7.9.06

insert

7.9.06A Relevant superannuation entities

For the definition of relevant superannuation entity in subsection 1016A (1) of the Act, a public offer superannuation entity is specified.

7.9.06B Application forms

(1) For paragraph 1016A (2) (f) of the Act, the following situation in which a restricted issue occurs is prescribed:

(a) the financial product is a superannuation product;

(b) the interest is issued by the trustee of a public offer superannuation entity in relation to the payment of benefits to the entity:

(i) from an EPSSS; and

(ii) in accordance with an application made under the provisions of section 243 of the SIS Act, as applied by subregulation (2) (the applied provisions );

(c) if the application is the first application under the applied provisions made to the trustee of the public offer superannuation entity by the trustee of the EPSSS on behalf of any person - the application is an eligible application.

(2) For paragraph (1) (b), section 243 of the SIS Act applies in relation to the payment of benefits from the EPSSS to a public offer superannuation entity as if:

(a) a reference in that section to a transferor fund were a reference to the EPSSS; and

(b) a reference in that section to an eligible rollover fund were a reference to the public offer superannuation entity.