Superannuation Industry (Supervision) Regulations 1994

PART 9A - REQUIREMENTS RELATING TO MYSUPER PRODUCTS  

REGULATION 9.49   9.49   OPT-OUT INSURANCE FOR MYSUPER MEMBERS CANNOT BE OBTAINED AT REASONABLE COST  


For subsection 68AA(7) of the Act, the circumstances are that the trustee certifies, in writing, that the trustee is reasonably satisfied the risk that is to be insured cannot:


(a) be placed with an insurer at a reasonable cost; or


(b) be provided on an opt-out basis.




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