Superannuation Industry (Supervision) Regulations 1994

PART 11 - INFORMATION TO BE GIVEN TO THE REGULATOR AND RELATED MATTERS  

REGULATION 11.08   OPERATING STANDARD - DISCLOSURE OF SUCCESSOR FUND TRANSFER  

11.08(1)  
For subsections 31(1) and 32(1) of the Act, it is a standard applicable to the operation of a superannuation entity, other than a pooled superannuation trust or a self managed superannuation fund, that the trustee must give notice in writing to the Regulator, in accordance with subregulation (2), of a decision to transfer a member ' s benefits from the fund, without the member ' s consent.

11.08(2)  
Notice under subregulation (1) must be given:


(a) as soon as practicable after the making of the decision to transfer the member ' s benefits from the fund; or


(b) if the fund is being wound up - before the winding up is commenced.


 

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