Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

PARLIAMENTARY SUPERANNUATION ACT 2004 No. 72, 2004 - SECT 16

Obligation to notify person of right to choose a fund
(1)
Within 28 days after a person (the member ) becomes a person who, under section 10, can choose a fund as described in section 11, the administering authority must cause the member to be given written notice containing the following information:

(a) a statement that the member may choose a complying superannuation fund (other than a self managed fund) or an RSA as the fund to which contributions in respect of the member will be paid under this Act;
(b) a statement to the effect that if the member does not choose a fund, the contributions will be paid to the fund that is, from time to time, the default fund;
(c) such other information (if any) as is required by the regulations.

(2)
For the purposes of subsection (1), a person becomes a person who, under section 10, can choose a fund as described in section 11, on whichever of the following days applies:

(a) in the case of a person to whom paragraph 10(a) applies:
(i) unless subparagraph (ii) applies—the first day of the relevant new scheme contribution period of the person; or
(ii) if the day on which the person is declared, under section 283 or 284 of the Commonwealth Electoral Act 1918 , to have been elected is later than the day applicable under subparagraph (i)—that later day;
(b) in the case of a person to whom subparagraph 10(b)(i) applies—the day on which the person is declared, under section 283 of the Commonwealth Electoral Act 1918 , to have been elected to the Senate;
(c) in the case of a person to whom subparagraph 10(b)(ii) applies—the day on which the person is chosen or appointed as mentioned in that subparagraph.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback