Commonwealth Consolidated Regulations

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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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