Commonwealth Consolidated Regulations

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Validation of initial registration information

  (1)   This regulation applies to the trustee of a regulated superannuation fund, other than a self managed superannuation fund, if:

  (a)   the fund receives the following information for a member from an employer in accordance with regulation   7.07A:

  (i)   full name;

  (ii)   tax file number;

  (iii)   date of birth; and

  (b)   the information is given to the fund in the way required by any applicable Standards made under subsection   34K(3) of the Act.

  (2)   The trustee must ask the Commissioner of Taxation, using an electronic interface provided by the Commissioner, for a notice under subsection   299TD(2) of the Act in relation to the member.

  (3)   However, subregulation   (2) does not apply if the Commissioner has previously given the trustee a notice under subsection   299TD(2) of the Act stating that the Commissioner was able to validate the member's information given by the trustee.

  (4)   The trustee must make the request not later than 3 business days after receiving the information.

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