Superannuation Industry (Supervision) Legislation Amendment Act 1995 (144 of 1995)

Schedule 4 AMENDMENTS OF THE SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

Add at the end:

Transitional

"(13) If, at a particular time, the number of members of a fund increases from a number less than 5 to 5 or more, but less than 50:

(a) the trustee of the fund must make such arrangements (if any) as are necessary to enable the fund to comply with this section; and

(b) the fund does not have to comply with this section during the period beginning at that time and ending:

(i) at the time at which such arrangements are made; or

(ii) 90 days after that time;

whichever is the earlier.".