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:


(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.




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