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1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 6.16

Redistribution of member benefits within a fund in certain circumstances by operation of governing rules or action of trustee
6.16. (1) For the purpose of subregulation (2), the following are categories
of benefits:

   (a)  preserved benefits, as defined by regulation 6.02, 6.03 or 6.05;

   (b)  restricted non-preserved benefits, as defined by regulation 6.07 or
        6.08;

   (c)  unrestricted non-preserved benefits, as defined by regulation 6.10 or
        6.11.

(2) For the purposes of this Part:

   (a)  the governing rules of a fund may alter the category of any of a
        member's benefits in the fund but not so as to:

        (i)    decrease the amount of the member's preserved benefits in the
               fund; or

        (ii)   increase the amount of the member's unrestricted non-preserved
               benefits; and

   (b)  the trustee of a fund may further alter the category of any of a
        member's benefits in the fund but not so as to:

        (i)    decrease the amount of the member's preserved benefits in the
               fund; or

        (ii)   increase the amount of the member's unrestricted non-preserved
               benefits. 


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