Superannuation Guarantee (Administration) Act 1992

PART 3A - CHOICE OF FUND REQUIREMENTS  

Division 4 - Choosing a fund  

SECTION 32H   WHEN FUND CEASES TO BE A CHOSEN FUND  

32H(1)  
A fund (the old fund ) ceases to be a chosen fund for an employee if:


(a) there is another fund that is a chosen fund for the employee; and


(b) neither the employee nor the Commissioner has given the employer a written notice stating that the old fund continues to be a chosen fund for the employee.

32H(1A)  


The employee may give the employer a written notice, or give the Commissioner a notice in the approved form, stating that the old fund continues to be a chosen fund for the employee.

32H(2)  
A fund also ceases to be a chosen fund if the employee requests the employer, under subsection 32N(3) , to give him or her a standard choice form and the employer does not do this by the time specified in that subsection.

32H(3)  
A fund also ceases to be a chosen fund if it is impossible for the employer to contribute on behalf of the employee to the chosen fund. This may occur immediately after the fund becomes a chosen fund for the employee.

Example:

The chosen fund is closed to new members or ceases to accept further contributions.

32H(4)  
A fund also ceases to be a chosen fund if the fund ceases to be an eligible choice fund for the employer. This may occur immediately after the fund becomes a chosen fund for the employee.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.