Commonwealth Numbered Regulations

1995 No. 142 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS (AMENDMENT) - REG 3

3.1 After regulation 4.11, insert: Operating standard-acceptance by regulated
superannuation funds and approved deposit funds of rollovers and transfers

"4.12. For the purposes of subsections 31 (1) and 32 (1) of the Act, it is a
standard applicable to the operation of regulated superannuation funds and
approved deposit funds that the trustee of a fund must not accept the rollover
or transfer of a benefit from another regulated superannuation fund or
approved deposit fund if:

   (a)  the trustee has reasonable grounds to believe that the benefit being
        rolled over or transferred is being rolled over or transferred on the
        basis of a belief that the trustee has received the member's written
        consent to the rollover or transfer; and

   (b)  the trustee has not received that consent.".