Superannuation Industry (Supervision) Act 1993
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View history notePart 24 heading substituted by No 171 of 2012, s 3 and Sch 7 item 10, effective 1 July 2013. The heading formerly read:
PART 24 - FACILITY TO PAY BENEFITS TO ELIGIBLE ROLLOVER FUNDS
Heading to Pt 24 substituted by No 53 of 1995.
[ CCH Note: Pt 24 has effect in relation to standard employer-sponsored funds and eligible rollover funds, and their trustees, as if it were modified by amendments to s 244 , 247 , 248 and 249 - see ISC Modification Declaration No 4 under s 244 , 247 , 248 and 249 .]
Div 3 heading inserted by No 171 of 2012, s 3 and Sch 7 item 16, effective 1 July 2013.
This section applies if an application is made under section 243 by a trustee of a fund (the transferor fund ) to a trustee of an eligible rollover fund, on behalf of a person, for the issue to the person of a superannuation interest in the eligible rollover fund.
S 244(1) amended by No 53 of 2004, s 3 and Sch 2 item 233, by substituting " a trustee " for " the trustee " (wherever occurring), effective 1 July 2004.
Without limiting, by implication, the generality of the standards that may be prescribed under section 31 or 32 , those standards may include standards relating to the following matters:
(a) requiring a trustee of the transferor fund to give to a trustee of the eligible rollover fund such information about the person as is specified in the standards;
(b) requiring each trustee of the transferor fund to ensure that a record of the application is kept and retained.
S 244(2) amended by No 53 of 2004, s 3 and Sch 2 items 234 and 235, by substituting " a trustee " for " the trustee " (wherever occurring) in para (a) and substituting para (b), effective 1 July 2004. Para (b) formerly read:
(b) requiring the trustee of the transferor fund to keep and retain a record of the application.
S 244 substituted by No 53 of 1995.
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