Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 2.24

2.24. (1) Subject to subregulation (2), the trustee of a fund (other than an
excluded fund) must give to each member details of the following matters in
respect of the member so far as they are applicable:

   (a)  the amount of the member's contributions during the reporting period;

   (b)  the amount of benefits rolled-over or otherwise transferred into the
        fund during the reporting period;

   (c)  the amount of withdrawals during the reporting period;

   (d)  the amounts of fees, charges and other expenses deducted by the fund
        during the reporting period from amounts held in any accounts in
        respect of the member;

   (e)  the amount of any allotment of employer contributions during the
        reporting period;

   (f)  the amount of any allotment of net earnings during the reporting
        period;

   (g)  the rate of any allotment of net earnings during the reporting period;

   (h)  the amount of bonuses that have accrued at the end of the reporting
        period;

   (i)  the amount of the sum assured;

   (j)  the amount payable in the event of the member's death:

        (i)    at the end of the reporting period; or

        (ii)   on the first day of the next reporting period; or the method by
               which that amount is worked out;

   (k)  details, including the amount or method of working out, of other
        significant benefits (as defined in subregulation (3)), including, in
        particular, disability benefits;

   (l)  if the trustee is aware of contributions that are due and payable
        during the reporting period but have not been paid to the fund at, or
        shortly before, the date of issue of the report, details of the amount
        of those contributions and of action that the trustee has taken, or
        proposes to take, to have the contributions paid.

(2) A nil amount need not be disclosed.

(3) In this regulation, "significant benefits" means financial benefits that
the trustee reasonably believes a member would reasonably expect to be told
about.