Superannuation Industry (Supervision) Act 1993
PART 24
-
ELIGIBLE ROLLOVER FUNDS
Division 2
-
Authority to operate an eligible rollover fund
Subdivision E
-
Miscellaneous
SECTION 242Q
242Q
PRUDENTIAL STANDARDS DEALING WITH AMOUNTS HELD IN ELIGIBLE ROLLOVER FUNDS
A prudential standard determined under section 34C may include provisions:
(a) requiring an RSE licensee whose authority to operate a regulated superannuation fund as an eligible rollover fund is cancelled under subsection 242J(1) to transfer any amounts held in the eligible rollover fund to a regulated superannuation fund that:
(b) setting out the requirements that must be met in relation to the transfer of such amounts; and
(c) dealing with other matters relating to such amounts.
View history note
Hide history note[ CCH Note: Pt 24 has effect in relation to standard employer-sponsored funds and eligible rollover funds, and their trustees, as if it were modified by amendments to s 244 , 247 , 248 and 249 - see ISC Modification Declaration No 4 under s 244 , 247 , 248 and 249 .]
A prudential standard determined under section 34C may include provisions:
(a) requiring an RSE licensee whose authority to operate a regulated superannuation fund as an eligible rollover fund is cancelled under subsection 242J(1) to transfer any amounts held in the eligible rollover fund to a regulated superannuation fund that:
(i) is an eligible rollover fund; or
(ii) offers a MySuper product; and
(b) setting out the requirements that must be met in relation to the transfer of such amounts; and
(c) dealing with other matters relating to such amounts.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.