Superannuation Industry (Supervision) Amendment Regulations 2004 (No. 2) (84 of 2004)
Schedule 1 Amendments
 After regulation 7.05
Division 7.2 Contributions to be allocated to members - accumulation funds
7.06 Application of Division 7.2
This Division applies only to an accumulation fund.
7.07 Operating standard
For subsection 31 (1) of the Act, a requirement set out in this Division is a standard applicable to the operation of regulated superannuation funds that are accumulation funds.
7.08 Contributions to be allocated to members
If a trustee of an accumulation fund receives a contribution in a month, the trustee must allocate the contribution to a member of the fund:
(a) within 28 days after the end of the month; or
(b) if it is not reasonably practicable to allocate the contribution to the member of the fund within 28 days after the end of the month - within such longer period as is reasonable in the circumstances.