Commonwealth Numbered Regulations

1993 No. 213 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 20

20.1 The provisions of regulation 5AAA in force immediately before the
commencement of this regulation are taken not to apply and never to have
applied to a person, in relation to a superannuation fund, if:

   (a)  by reason of the operation of section 66A or 1017 of the Corporations
        Law, the person:

        (i)    was not, immediately before 22 December 1992, required under
               Part 7.12 of the Corporations Law to lodge a prospectus in
               relation to that fund; or

        (ii)   would not, if that fund had existed immediately before 22
               December 1992, have been required under that Part to lodge a
               prospectus in relation to the fund; or

   (b)  the fund invested only in life policies issued by a life assurance
        company that was related to the trustee or to any of the trustees, as
        the case may be, of the fund, within the meaning of section 50 of the
        Corporations Law.