Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - SCHEDULE 1

                         SCHEDULE 1                 Regulation 6.01

CONDITIONS OF RELEASE AND CASHING RESTRICTIONS-PRESERVED
BENEFITS AND RESTRICTED NON-PRESERVED BENEFITS
PART 1-REGULATED SUPERANNUATION FUNDS
Column 1    Column 2                 Column 3

Item no.    Conditions of release    Cashing restrictions

101         Retirement               Nil

102         Death                    Nil

103         Permanent incapacity     Nil

104         Permanent departure from Australia

Nil
105         Financial hardship       A single lump sum, not

exceeding in any particular
case the amount determined by
the Commissioner, from the fund
for the purpose of relieving
the hardship
106         Attaining age 65         Nil

107         Termination of gainful employment with a standard

employer-sponsor of the regulated superannuation fund
(where the member's preserved benefits in the fund at
the time of the termination are less than $500)
Nil
108         Termination of gainful employment with an employer who

had, or any of whose associates had, at any time,
contributed to the regulated superannuation fund in
relation to the member
1. Preserved benefits:
Non-commutable life pension or
non-commutable life annuity
2. Restricted non-preserved
benefits:
Nil
109         Temporary incapacity

A non-commutable income stream
cashed from the regulated
superannuation fund for:

   (a)  the purpose of continuing
(in whole or part) the gain or
reward which the member was
receiving before the temporary
incapacity; and

   (b)  a period not exceeding the
period of incapacity from
employment of the kind engaged
in immediately before the
temporary incapacity
PART 2-APPROVED DEPOSIT FUNDS
Column 1    Column 2                 Column 3

Item no.    Conditions of release    Cashing restrictions

201         Retirement               Nil

202         Death                    Nil

203         Permanent incapacity     Nil

204         Permanent departure from Australia

Nil
205         Financial hardship       A single lump sum, not

exceeding in any particular
case the amount determined by
the Commissioner, from the fund
for the purpose of relieving
the hardship
206         Attaining age 65         Nil