Superannuation Industry (Supervision) Regulations 1994

PART 9 - FINANCIAL MANAGEMENT OF FUNDS  

Division 9.2A - Size of defined benefit funds  

REGULATION 9.04D   SIZE OF DEFINED BENEFIT FUNDS  

9.04D(1)   [ New funds ]  

A defined benefit fund established after the commencement of this Division must have at least 50 defined benefit members.

9.04D(2)   [ Converted funds ]  

A fund that is converted to a defined benefit fund after the commencement of this Division must have at least 50 defined benefit members.

9.04D(3)   [ New members ]  

A defined benefit fund may accept a new defined benefit member after the commencement of this Division only if the fund will have at least 50 defined benefit members after accepting the new defined benefit member.

9.04D(4)   [ Converted members ]  

A defined benefit fund may convert a member of the fund to a defined benefit member after the commencement of this Division only if the fund will have at least 50 defined benefit members after converting the member to a defined benefit member.