Superannuation Industry (Supervision) Regulations 1994

PART 6 - PAYMENT STANDARDS  

Division 6.3 - Cashing of benefits  

Subdivision 6.3.1 - Regulated superannuation funds  

REGULATION 6.22B   6.22B   WHEN BENEFITS IN REGULATED SUPERANNUATION FUNDS MAY BE CASHED IN FAVOUR OF PERSONS EXCEPT MEMBERS  


A member's benefits in a regulated superannuation fund may be cashed in favour of a person other than the member if:


(a) the cashing is expressly permitted by the Regulator in a written approval for the purposes of subparagraph 62(1)(b)(v) of the Act; and


(b) the benefits are cashed only to the extent of that approval.


 

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