Commonwealth Numbered Regulations

1994 No. 189 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS (AMENDMENT) - REG 24

24.1 Subregulation (1): Omit "A", substitute "Subject to subregulation (3),
a".

24.2 Subregulation 6.25 (2): Add at the end "in respect of each person to whom
benefits are cashed.".

24.3 Regulation 6.25: Add at the end:

"(3) For the purposes of subregulation (1), it is sufficient if, instead of
being cashed, the benefits are rolled over as soon as practicable:

   (a)  in the case of a member who is gainfully employed on a full-time or
        part-time basis-to a regulated superannuation fund or for immediate
        cashing; or

   (b)  in any other case-for immediate cashing.".