Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 2.18

2.18. (1) This Division applies to:

   (a)  a regulated superannuation fund that is not an eligible rollover fund;
        and

   (b)  an approved deposit fund that is not an eligible rollover fund.

(2) This Division applies subject to the following limitations or exceptions:

   (a)  Subdivision 2.4.2 is subject to:

        (i)    the exception concerning pensioners that is stated in
               regulation 2.25; and

        (ii)   the exception in the case of certain members leaving a fund
               that is stated in regulation 2.26; and

   (b)  Subdivision 2.4.3 is subject to the limitation in relation to excluded
        funds that is stated in regulation 2.30; and

   (c)  in relation to funds under which benefits are determined by life
        policies, Subdivision 2.4.3 is subject to the limitation that is
        stated in regulation 2.31.

(3) For the purposes of subsections 31 (1) and 32 (1) of the Act, a
requirement of this Division is a standard applicable to the operation of a
fund to which this Division applies.