OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)
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Hide history noteFor the purposes of subparagraph 12(3A)(a)(ia) of the Act, a trustee ' s response to a breach of a superannuation fund condition is covered by this regulation if the trustee causes the breach to be rectified within 30 days after becoming aware of the breach.
18QA(2) [ Notice of breach to employer sponsors ]For the purposes of subparagraph 12(3A)(a)(ia) of the Act, the Commissioner may give to the trustee of a superannuation fund written notice requesting the trustee to take all reasonable steps to notify a breach of a superannuation fund condition to all prescribed employer sponsors in relation to the fund.
18QA(3) [ Prescribed employer sponsor: para (a)(ia) ]For the purposes of subparagraph 12(3A)(a)(ia) of the Act, a prescribed employer sponsor, in relation to a fund, is an employer sponsor who was an employer sponsor in relation to the fund at any time during which a breach of a superannuation fund condition referred to in that subparagraph existed.
18QA(4) [ Waiver of requirements ]For the purposes of subparagraph 12(3A)(a)(ib) of the Act, the Commissioner may give to the trustee of a superannuation fund a written waiver from the requirements of that subparagraph.
18QA(5) [ Prescribed employer sponsor: para (a)(ib) ]For the purposes of subparagraph 12(3A)(a)(ib) of the Act, a prescribed employer sponsor, in relation to a fund, is an employer sponsor who was an employer sponsor in relation to the fund at any time during which a breach of a superannuation fund condition referred to in that subparagraph existed.
18QA(6) [ Period to take reasonable steps ]For the purposes of subparagraph 12(3A)(a)(ib) of the Act, the specified period is 60 days after the trustee becomes aware of the breach.
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