Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 5.04

5.04. (1) Subject to regulations 5.05 and 5.06, a member's minimum benefits in
a regulated superannuation fund are as set out in this regulation.

(2) If the fund is an accumulation fund, the member's minimum benefits are:

   (a)  the member's member-financed benefits; and

   (b)  the member's mandated employer-financed benefits.

(3) If the fund is a defined benefit fund, the member's minimum benefits are
as follows:

   (a)  if the member belongs to a class of employees in relation to which a
        relevant benefit certificate applies, the amount of the member's
        minimum requisite benefit; or

   (b)  in any other case:

        (i)    the member's member-financed benefits; and

        (ii)   the member's mandated employer-financed benefits.