This legislation has been repealed.
The Board may approve a superannuation fund for the purposes of clause 4 (1) (d) if, but only if, it is satisfied that:
(a) the rules governing the fund, or the trust deed by which the fund is established, includes provisions that will fully vest the preserved benefit to the credit of the GCS contributor concerned, and
(b) the fund complies with all Commonwealth occupational superannuation standards that are applicable to superannuation funds.