Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This Division applies:
(a) to a regulated superannuation fund, other than a fund mentioned in paragraph (2)(a); and
(b) to an approved deposit fund.
(2) This Division does not apply:
(a) to an unfunded public sector superannuation scheme; and
(c) in respect of a defined benefit component of a superannuation interest in a defined benefit fund, if the member who holds the interest is an employee of an employer - sponsor of the fund; and
(d) to benefits that are being paid as a pension (other than an account - based pension, allocated pension or market linked pension).