Commonwealth Numbered Regulations

1995 No. 64 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS (AMENDMENT) - REG 13

13.1 After regulation 5.01A, insert: Trustee may provide greater protection
than this Part requires

"5.01B. The trustee of a regulated superannuation fund or approved deposit
fund has the power, despite anything in the governing rules of the fund, to
protect the benefits of members:

   (a)  to a greater degree than is required by this Part; or

   (b)  from an earlier date than is required by this Part; if the trustee
        does so in a way that is consistent with this Part. "(NOTE: For
        example, a trustee might choose to protect the benefits of all members
        with withdrawal benefits less than $1,500, rather than all protected
        members (i.e., broadly, members with withdrawal benefits less than
        $1,000) as this Part requires. 'Protected member' is defined in
        regulation 1.03.)".