Commonwealth Numbered Regulations

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1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 2.46

Specific requirements in all cases
2.46. (1) The trustee of a fund (other than an excluded fund) must give to a
person who ceases, otherwise than by death, to be a member of the fund, the
following information:

   (a)  the contact details of the fund;

   (b)  the amount of the person's withdrawal benefit at the start of the exit
        reporting period;

   (c)  the amount of the person's benefit at the end of the exit reporting
        period and the method by which that amount was worked out;

   (d)  the amount of the person's benefit at the end of the exit reporting
        period that must be preserved, unless there is no preservation of the
        benefits;

   (e)  in the case of a death benefit that ceases or reduces, or will cease
        or reduce, because the person has left the fund:

        (i)    either:

                (A)  the amount of the death benefit immediately before the
                     person left the fund or at the end of the last
                     member reporting period; or

                (B)  the method of working out the death benefit; and

        (ii)   whether a continuation option is available to the person and,
               if it is, details of the option, a contact person who is
               available to discuss the option and a telephone number for the
               contact person;

   (f)  details (in summary form) of arrangements that the fund has to deal
        with inquiries or complaints;

   (g)  details of the existence and (in outline terms) the functions of the
        Superannuation Complaints Tribunal.

(2) If a person ceases by death to be a member of a fund (other than an
excluded fund), the trustee of the fund must give to each person receiving a
benefit from the fund as a result of the death of the person:

   (a)  a statement setting out:

        (i)    details (in summary form) of arrangements that the fund has to
               deal with inquiries or complaints; and

        (ii)   details of the existence and (in outline terms) the functions
               of the Superannuation Complaints Tribunal; or

   (b)  a statement that those kinds of details are available on request. 


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