Superannuation Industry (Supervision) Regulations 1994

PART 5 - BENEFIT PROTECTION STANDARDS  

Division 5.2 - Minimum benefits  

REGULATION 5.04   MINIMUM BENEFITS - REGULATED SUPERANNUATION FUNDS  

5.04(1)  


Subject to regulations 5.05 , 5.06 and 5.06B , a member ' s minimum benefits in a regulated superannuation fund are as set out in this regulation.

5.04(2)  


If the fund is an accumulation fund, the member ' s minimum benefits are all of the member ' s benefits in the fund.

5.04(3)  
If the fund is a defined benefit fund, the member ' s minimum benefits are as follows:

(a)  if the member belongs to a class of employees in relation to which a relevant benefit certificate applies, the amount of the member ' s minimum requisite benefit; or

(b)  

in any other case:

(i) the member ' s member-financed benefits; and

(ii) the member ' s mandated employer-financed benefits; and

(iii) Government co-contribution benefits and any investment earnings on them; and

(iv) any amount allocated under regulation 7.11 .

 

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