SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993
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.
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.