Superannuation Guarantee (Administration) Act 1992

PART 3A - CHOICE OF FUND REQUIREMENTS  

Division 4 - Choosing a fund  

SECTION 32J   32J   A SUCCESSOR FUND MAY BECOME A CHOSEN FUND  


For the purposes of this Act, if:


(a) an employee ' s interest in a superannuation fund (the original fund ) is transferred to another superannuation fund without the consent of the member; and


(b) the other fund is a successor fund (within the meaning of the Income Tax Assessment Act 1997 ) in relation to the transfer; and


(c) immediately before the transfer takes effect, the original fund was a chosen fund for the employee; and


(d) at the time the transfer takes effect, the other fund:


(i) is an eligible choice fund; and

(ii) is a fund to which the employer can make contributions for the benefit of the employee;

from the time the transfer takes effect, the other fund is taken to be a chosen fund for the employee, and the original fund is taken no longer to be a chosen fund for the employee.


 

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