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1990 No. 150 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 5
Vesting or paying standards: funds in operation on certain dates
5. Regulation 6 of the Principal Regulations is amended:
(a) by omitting from subregulation (1) "superannuation funds in operation
on 30 June 1986:" and substituting "a private sector fund in operation
on 30 June 1986 or a public sector fund in operation on 30 June
1990:";
(b) by omitting from paragraph (1) (a) "11 June 1986," and substituting
"11 June 1986 in the case of a private sector fund or 1 July 1990 in
the case of a public sector fund,";
(c) by omitting from subregulation (1) "1 July 1987" (wherever occurring)
and substituting "the applicable day";
(d) by omitting sub-subparagraph (1) (a) (i) (a) and substituting the
following sub-subparagraph:
"(a) 30 June 1987 in the case of a private sector fund or30 June 1990 in the
case of a public sector fund; or";
(e) by omitting sub-subparagraph (1) (a) (ii) (a) and substituting the
following sub-subparagraph:
"(a) 30 June 1987 in the case of a private sector fund or30 June 1990 in the
case of a public sector fund; or";
(f) by adding at the end the following subregulation:
"(3) In this regulation, 'the applicable day' means:
(a) in the case of a private sector fund - 1 July 1987; and
(b) in the case of a public sector fund - 1 July 1990.".
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