Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 6.12

6.12. (1) If:

   (a)  a member of a regulated superannuation fund or an approved deposit
        fund satisfies a condition of release; and

   (b)  the relevant cashing restriction in respect of preserved benefits is
        "Nil"; the member's preserved benefits in the fund at that time cease
        to be preserved benefits and become unrestricted non-preserved
        benefits.

(2) If:

   (a)  a member of a regulated superannuation fund satisfies a condition of
        release; and

   (b)  the relevant cashing restriction in respect of restricted
        non-preserved benefits is "Nil"; the member's restricted non-preserved
        benefits in the fund at that time cease to be restricted non-preserved
        benefits and become unrestricted non-preserved benefits.

(3) This regulation has effect subject to Subdivision 6.1.5.