Superannuation Industry (Supervision) Regulations 1994
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View history noteDiv 6.5 substituted by SR No 251 of 2003, reg 3 and Sch 1 item 10, effective 1 July 2004. Div 6.5 formerly read:
Division 6.5 - Additional standards for eligible rollover funds
REGULATION 6.30 OBLIGATIONS OF TRUSTEES
6.30(1)
The trustee of an eligible rollover fund must comply, as soon as practicable, with a request by a member:
(a) to pay benefits of the member in the fund; or
(b) for payment of any benefit to be in the form of a lump sum.
6.30(2)
(Omitted by SR No 64 of 1995)
Reg 6.30(2) amended by SR No 189 of 1994.
If, under regulation 6.36 or 6.37 , APRA suspends a trustee's obligation to roll over or transfer amounts under regulation 6.34 , the trustee must not roll over or transfer an amount under regulation 6.34 for the period of the suspension.
6.38(2) [Effect of variation]If, under regulation 6.36 or 6.37 , APRA varies a trustee's obligation to roll over or transfer amounts under regulation 6.34 , the trustee may roll over or transfer an amount under regulation 6.34 only in accordance with the variation.
Reg 6.38 inserted by SR No 251 of 2003, reg 3 and Sch 1 item 10, effective 1 July 2004.
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