Commonwealth Numbered Regulations

1992 No. 387 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 3

3.1 After regulation 18D, insert in Subdivision A: Transitional-certain
provisions in regulations 18E and 18F

"18DA. (1) Subject to subregulation (4), the provisions of this regulation
apply only during the period that commences on 1 July 1992 and ends at the end
of 31 December 1992.

"(2) If a fund does not satisfy a standard prescribed by paragraph 18E (2)
(b), 18E (3) (d) or 18E (3) (f) in relation to a prospective member before the
date on which he or she becomes a member, the fund is taken to have satisfied
the standard if the fund performs the action specified in the standard at the
earliest practicable time after that date.

"(3) In the application of subregulation (2) to those standards, the following
modifications apply:

   (a)  paragraphs 18E (2) (b), 18E (3) (d) and 18E (3) (f) have effect with
        the omission of 'a prospective member' and the substitution of 'a
        member'; and

   (b)  subparagraph 18E (2) (b) (i) has effect with the omission of 'the
        prospective member would be entitled on joining' and the substitution
        of 'the member is entitled from'; and

   (c)  subparagraph 18E (3) (d) (iii) has effect with the omission of 'the
        prospective member would belong on joining the fund' and the
        substitution of 'the member belongs'.

"(4) Subregulation (2) extends to action performed by the fund after 31
December 1992 in relation to a prospective member who becomes a member on a
date ('the joining date') that occurs on or before 31 December 1992, if the
fund performs the action at the earliest practicable time after the joining
date.

"(5) An advice given under regulation 18F does not have to comply with
paragraph 18F (c).

"(6) Paragraph 18F (d) has effect with the omission of '(c), (d) and (e),' and
the substitution of '(c) and (d),'.".