Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)

Schedule 1   Consequential amendments etc.

Part 2   Other consequential amendments etc.

Superannuation Industry (Supervision) Act 1993

361   After section 55


55A Rules about cashing benefits after death of members

(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.

(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.