Commonwealth Numbered Regulations

1995 No. 159 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS (AMENDMENT) - REG 6

6.1 Paragraph 2.09 (b):
Omit "sections 157 and 158", substitute "sections 157, 157A and 158".

6.2 Add at the end:

"(2) For the purposes of subsection 157 (5) of the Act (which deals with the
circumstances in which interests may be issued without information first being
given), the circumstance is specified that the interest is issued by the
trustee of a successor fund in relation to a transfer of benefits to that
fund.

"(3) For the purposes of subsection 158 (3) of the Act (which deals with
circumstances in which a person may become a standard employer-sponsor without
information being given), 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.".