Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 6.26

6.26. A member's benefits in an approved deposit fund must not be cashed in
favour of a person other than the member unless:

   (a)  the member has died; and

   (b)  the trustee has not, after making reasonable enquiries, found a legal
        personal representative of the member; and

   (c)  the value of the benefits does not exceed $5,000; and

   (d)  either:

        (i)    the person in whose favour benefits are cashed is a dependant
               of the member; or

        (ii)   if, after making reasonable enquiries, the trustee has not
               found a dependant of the member, the person in whose favour
               benefits are cashed is an individual.