SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 6 - PROVISIONS RELATING TO GOVERNING RULES OF SUPERANNUATION ENTITIES  

SECTION 55A   RULES ABOUT CASHING BENEFITS AFTER DEATH OF MEMBERS  

55A(1)  
The governing rules of a regulated superannuation fund must not permit a fund member's benefits to be cashed after the member's death otherwise than in accordance with standards prescribed for the purposes of section 31 .

55A(2)  
If the governing rules of a fund are inconsistent with subsection (1):


(a) subsection (1) prevails; and


(b) the governing rules are invalid, to the extent of the inconsistency.




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