Commonwealth Numbered Regulations

1995 No. 159 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS (AMENDMENT) - REG 36

36.1 Omit the regulation, substitute:
Definition of "eligible rollover fund"

"10.01. (1) For the purposes of the definition of 'eligible rollover fund' in
section 242 of the Act, a fund is an eligible rollover fund if:

   (a)  it has the following characteristics:

        (i)    the fund is a regulated superannuation fund or an approved
               deposit fund;

        (ii)   the trustee of the fund has given to the Commissioner a notice
               in the approved form stating that it is an eligible rollover
               fund;

        (iii)  the fund has not ceased to be an eligible rollover fund; or

   (b)  the fund:

        (i)    was an eligible rollover fund immediately before 1 July 1995;
               and

        (ii)   has not ceased to be an eligible rollover fund.

"(2) A fund ceases to be an eligible rollover fund if the trustee of the fund
gives notice of wishing to do so to the Commissioner in the approved form.

"(3) A notice under subparagraph (1) (a) (ii) or subregulation (2) has effect
at the time when the Commissioner acknowledges having received it.".