Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For subsections 31(1) and 32(1) of the Act, it is a standard applicable to the operation of a superannuation entity, other than a pooled superannuation trust or a self managed superannuation fund, that the trustee must give notice in writing to the Regulator, in accordance with subregulation (2), of a decision to transfer a member's benefits from the fund, without the member's consent.
(2) Notice under subregulation (1) must be given:
(a) as soon as practicable after the making of the decision to transfer the member's benefits from the fund; or
(b) if the fund is being wound up--before the winding up is commenced.