Commonwealth Consolidated Regulations

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SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 5.04

Minimum benefits--regulated superannuation funds

  (1)   Subject to regulations   5.05, 5.06 and 5.06B, a member's minimum benefits in a regulated superannuation fund are as set out in this regulation.

  (2)   If the fund is an accumulation fund, the member's minimum benefits are all of the member's benefits in the fund.

  (3)   If the fund is a defined benefit fund, the member's minimum benefits are as follows:

  (a)   if the member belongs to a class of employees in relation to which a relevant benefit certificate applies, the amount of the member's minimum requisite benefit; or

  (b)   in any other case:

  (i)   the member's member - financed benefits; and

  (ii)   the member's mandated employer - financed benefits; and

  (iii)   Government co - contribution benefits and any investment earnings on them; and

  (iv)   any amount allocated under regulation   7.11.


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