Commonwealth Consolidated Regulations

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SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 6.36

Suspension or variation of obligation to roll over or transfer amounts by APRA

             (1)  This regulation applies if APRA believes, on reasonable grounds, that a rollover or transfer of an amount by the trustee of a regulated superannuation fund or approved deposit fund under regulation 6.34 would have a significant adverse effect on:

                     (a)  the financial position of the fund; or

                     (b)  the interests of other members of the fund.

             (2)  APRA may, by notice in writing to the trustee, suspend or vary an obligation of the trustee under regulation 6.34.

             (3)  A suspension or variation under subregulation (2) applies for the period specified by APRA in the notice.



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