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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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