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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 242Q

Prudential standards dealing with amounts held in eligible rollover funds

    A prudential standard determined under section   34C may include provisions:

  (a)   requiring an RSE licensee whose authority to operate a regulated superannuation fund as an eligible rollover fund is cancelled under subsection   242J(1) to transfer any amounts held in the eligible rollover fund to a regulated superannuation fund that:

  (i)   is an eligible rollover fund; or

  (ii)   offers a MySuper product; and

  (b)   setting out the requirements that must be met in relation to the transfer of such amounts; and

  (c)   dealing with other matters relating to such amounts.


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