Superannuation Industry (Supervision) Regulations 1994

PART 7 - CONTRIBUTION AND BENEFIT ACCRUAL STANDARDS (REGULATED SUPERANNUATION FUNDS)  

Division 7.3 - Contributions to be allocated to members - certain other regulated superannuation funds  

REGULATION 7.11   7.11   CONTRIBUTIONS TO BE ALLOCATED TO MEMBERS  


If the trustee of the fund receives a contribution in a month, the trustee must allocate the contribution:

(a)  to a member of the fund:


(i) within 28 days after the end of the month; or

(ii) if it is not reasonably practicable to comply with subparagraph (i) - within a longer period that is reasonable in the circumstances; and

(b)  having regard to the present and prospective liabilities of the fund to its members.


 

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