Commonwealth Numbered Regulations

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1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 7.03

Restriction on accepting contributions or granting benefit accruals
7.03. (1) For the purposes of subsection 31 (1) of the Act, the requirement in
subregulation (2) is a standard applicable to the operation of a regulated
superannuation fund to which this Part applies.

(2) Except in accordance with this Part, a regulated superannuation fund must
not:

   (a)  accept contributions; or

   (b)  grant an accrual of benefits. 


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