Commonwealth Numbered Regulations

1995 No. 64 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS (AMENDMENT) - REG 18

18.1 After regulation 5.14, insert: Member-protection standards not to apply
to certain protected members

"5.15. If:

   (a)  a member of a fund is a protected member at the end of a member
        reporting period; and

   (b)  the trustee of the fund has a reasonable expectation (in accordance
        with regulation 2.26B) that the member will have a withdrawal benefit
        of at least $1,500 within 12 months after the end of that member
        reporting period; and

   (c)  his or her withdrawal benefits reach $1,500 within 12 months after the
        end of that member reporting period; he or she is taken not to have
        been subject to the member-protection standards from the beginning of
        that member reporting period until the end of that period of 12
        months. (NOTE: See regulation 2.26B in relation to protected members
        whose benefits are reasonably expected to reach $1,500 within the
        period of 12 months after the end of a member reporting period.)".