Superannuation Industry (Supervision) Regulations 1994

PART 7 - CONTRIBUTION AND BENEFIT ACCRUAL STANDARDS (REGULATED SUPERANNUATION FUNDS)  

Division 7.1 - General  

REGULATION 7.03   RESTRICTION ON ACCEPTING CONTRIBUTIONS OR GRANTING BENEFIT ACCRUALS  

7.03(1)   [Application of standard]  

For the purposes of subsection 31(1) of the Act, the requirement in subregulation (2) is a standard applicable to the operation of a regulated superannuation fund to which this Division applies.

7.03(2)   [Restriction]  

Except in accordance with this Division, a regulated superannuation fund must not:

(a) accept contributions; or

(b) grant an accrual of benefits.