SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 24 - ELIGIBLE ROLLOVER FUNDS  

Division 3 - Facility to pay benefits to eligible rollover funds  

SECTION 244   OPERATING STANDARDS FOR TRANSFEROR FUNDS - INFORMATION AND RECORDS  

244(1)   When section applies.  

This section applies if an application is made under section 243 by a trustee of a fund (the transferor fund ) to a trustee of an eligible rollover fund, on behalf of a person, for the issue to the person of a superannuation interest in the eligible rollover fund.

244(2)   Operating standards.  

Without limiting, by implication, the generality of the standards that may be prescribed under section 31 or 32 , those standards may include standards relating to the following matters:


(a) requiring a trustee of the transferor fund to give to a trustee of the eligible rollover fund such information about the person as is specified in the standards;


(b) requiring each trustee of the transferor fund to ensure that a record of the application is kept and retained.




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