Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 6.04

6.04. (1) If:

   (a)  on a day during the 1996 calendar year that is, or is after, the day
        that is the changeover day in relation to a member of a regulated
        superannuation fund, benefits of that member are rolled over or
        transferred
into another regulated superannuation fund (in this regulation called "the
receiving fund"); and

   (b)  the trustee of the receiving fund does not decide, on or before the
        day on which it receives those benefits, that day is the changeover
        day in respect of that member; then, despite subregulation 6.02 (1),
        the portion of those benefits that is to be taken to be preserved
        benefits in the receiving fund is the same as the portion of those
        benefits that comprised preserved benefits immediately before the
        rollover or transfer.

(2) Nothing in this regulation is to be taken as:

   (a)  derogating from regulation 6.06 or 6.12 or Subdivision 6.1.5; or

   (b)  affecting the operation of regulation 6.02 in relation to:

        (i)    contributions made to the receiving fund; or

        (ii)   benefits rolled over or transferred to the receiving fund from
               other regulated superannuation funds in relation to which a
               changeover day has not been decided in respect of the member
               whose benefits are rolled over or transferred.