Commonwealth Numbered Regulations

1995 No. 159 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS (AMENDMENT) - REG 18

18.1 After regulation 3.09, insert: Circumstances in which superannuation
interest may be issued without application (Act, s. 153 (1) (d))

"3.09A. For the purposes of paragraph 153 (1) (d) of the Act, the circumstance
is specified that the interest is issued by the trustee of a successor fund in
relation to a transfer of benefits to the fund.

Circumstances in which a person may become a standard employer-sponsor (Act,
s. 153 (2) (b))

"3.09B. For the purposes of paragraph 153 (2) (b) of the Act, the circumstance
is specified that:

   (a)  the person who becomes a standard employer-sponsor without having made
        an eligible application was a standard employer-sponsor of a fund
        ('the original fund'); and

   (b)  the benefits of members in the original fund are transferred to a
        successor fund; and

   (c)  the person was a standard employer-sponsor of the original fund
        immediately before those benefits are so transferred; and

   (d)  the person is a standard employer-sponsor of the successor fund
        immediately after those benefits are so transferred.".