Commonwealth Numbered Regulations

1995 No. 159 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS (AMENDMENT) - REG 22

22.1 Paragraph 5.09 (1) (b):
Omit "the benefit" (first occurring), substitute "subject to subregulation
(1A), the benefit".

22.2 After subregulation 5.09 (1), insert:

"(1A) For the purposes of paragraph (1) (b), a benefit is not taken to be
rolled over or transferred from a fund at the instigation of the trustee of
the fund if:

   (a)  the rollover or transfer takes place in accordance with the governing
        rules of the fund; and

   (b)  the rollover or transfer was required by those rules as in force on 22
        March 1995.".