Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 10.06

10.06. For the purposes of subsections 31 (1) and 32 (1) of the Act, the
following are standards applicable (in addition to other standards applicable
under these Regulations) to the operation of all eligible rollover funds:

   (a)  the fund must not cease to satisfy the conditions set out in
        regulation  10.02 , or the conditions set out in the governing rules
        in accordance with that regulation, without the approval in writing of
        the Commissioner;

   (b)  the trustee of the fund must accept payment of:

        (i)    eligible rollover benefits in relation to a particular person
               that amount to not less than $500; and

        (ii)   shortfall components in relation to a member.