SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 18 - AMALGAMATION OF FUNDS  

SECTION 144   BENEFITS MAY BE TRANSFERRED TO A NEW FUND WITH APRA'S APPROVAL ETC.  

144(1)   [Circumstances allowing transfer]  

All benefits of members and beneficiaries in a regulated superannuation fund or approved deposit fund (the transferor fund ) may be transferred to another regulated superannuation fund or approved deposit fund (the transferee fund ) if:


(a) APRA approves the transfer under this Part; and


(b) the transfer takes place under an arrangement between all the trustees of the transferor fund and:


(i) if the trustee of the transferee fund is a body corporate - the RSE licensee of the transferee fund; or

(ii) if there is a group of individual trustees of the transferee fund that is an RSE licensee - all of the individual trustees of the transferee fund.

144(2)   [Other transfers not affected]  

This section does not affect the transfer of any benefits in a superannuation fund or approved deposit fund under any other provision of this Act or under the regulations.




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