SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 2C - MYSUPER  

Division 8 - Other matters  

SECTION 29X   29X   PRUDENTIAL STANDARDS DEALING WITH ACCRUED DEFAULT AMOUNTS  


A prudential standard determined under section 34C may include provisions:


(a) requiring an RSE licensee of a regulated superannuation fund who holds an accrued default amount:


(i) for a member of the fund who is not eligible to hold a MySuper product offered by the fund; or

(ii) for a member of a regulated superannuation fund of the RSE licensee that does not offer a MySuper product;
to transfer that amount to another regulated superannuation fund that includes a MySuper product; and


(b) setting out the requirements that must be met in relation to the transfer of such an accrued default amount; and


(c) dealing with other matters relating to such an accrued default amount.




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