Superannuation Industry (Supervision) Amendment Regulations 2004 (No. 6) (153 of 2004)

Schedule 1   Amendments commencing on gazettal

[9]   Subregulation 6.17 (2)

substitute

(2) A member's benefits in a fund:

(a) may be paid:

(i) by being cashed in accordance with Division 6.3; or

(ii) by being rolled over or transferred in accordance with Division 6.4; and

(b) must not be paid in that way except when, and to the extent that, the fund is required or permitted under this Part to pay them; and

(c) must be paid in that way when, and to the extent that, the fund is required under this Part to pay them.

(2A) A member's benefits in a fund:

(a) may be paid:

(i) by being cashed in accordance with Part 7A; or

(ii) by being rolled over or transferred in accordance with Part 7A; and

(b) must not be paid in that way except when, and to the extent that, the fund is required or permitted under Part 7A to pay them; and

(c) must be paid in that way when, and to the extent that, the fund is required under Part 7A to pay them.

(2B) A member's benefits in a fund:

(a) may be paid in a way:

(i) that is not described in subregulations (2) and (2A); and

(ii) that satisfies regulation 14G or 14N of the Family Law (Superannuation) Regulations 2001; and

(b) must not be paid in that way except when, and to the extent that, the fund would be required or permitted under those Regulations to pay them; and

(c) must be paid in that way when, and to the extent that, the fund would be required under those regulations to pay them.