Superannuation Industry (Supervision) Regulations 1994

PART 7A - SUPERANNUATION INTERESTS SUBJECT TO PAYMENT SPLIT  

Division 7A.2 - Options available for certain superannuation interests  

REGULATION 7A.09   GIVING EFFECT TO REQUEST  

7A.09(1)    
This regulation applies if a trustee receives a request under this Division within the time allowed under regulation 7A.08 .

7A.09(2)    
The trustee must give effect to the request unless:

(a)    the trustee has received an earlier request under this Division in respect of the same interest and the earlier request has not been withdrawn; or

(b)    

for a request under regulation 7A.05 :

(i) the regulated superannuation fund in which the non-member spouse interest is held has no more than 6 members; or

(ii) the governing rules of the regulated superannuation fund or approved deposit fund in which the original interest is held do not allow a new interest to be created for the non-member spouse in the fund; or

(c)    for a request under regulation 7A.06 - the regulated superannuation fund, approved deposit fund, EPSSS or RSA specified in the request does not accept the rollover or transfer of benefits for the non-member spouse.


7A.09(3)    


If subparagraph (2)(b)(i) applies in relation to a request, the trustee must:

(a)    create the new interest in accordance with the request; or

(b)    

roll over or transfer the transferable benefits to another regulated superannuation fund, approved deposit fund, EPSSS or RSA nominated by the non-member spouse; or

(c)    

if there has been no such nomination by the non-member spouse - consider whether it would be in the best interests of the non-member spouse to pay the amount of the transferable benefits to the Commissioner under section 22 of the Superannuation (Unclaimed Money and Lost Members) Act 1999 .

7A.09(3A)    


If subparagraph (2)(b)(ii) , or paragraph (2)(c) , applies in relation to a request, the trustee must:

(a)    roll over or transfer the transferable benefits to another regulated superannuation fund, approved deposit fund, EPSSS or RSA nominated by the non-member spouse; or

(b)    if there has been no such nomination by the non-member spouse - consider whether it would be in the best interests of the non-member spouse to pay the amount of the transferable benefits to the Commissioner under section 22 of the Superannuation (Unclaimed Money and Lost Members) Act 1999 .


7A.09(4)    


(Repealed by SR No 153 of 2004)



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