Northern Territory Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 2019 (NO 3 OF 2019) - SECT 36

Section 45DF

repeal , insert

45DF     Payment to eligible rollover fund

    (1)     The Commissioner may pay the benefits of adherents to an eligible rollover fund if:

    (a)     the Commissioner would be entitled to do so under section 243 of the SIS Act, assuming that the Scheme is a superannuation fund to which that section applies; and

    (b)     the Commissioner has approved the eligible rollover fund as one to which benefits may be paid under this section.

    (2)     Section 243 of the SIS Act applies in relation to the payment, with the necessary changes.

    (3)     In this section:

"benefit", in relation to an adherent, means the adherent's interest in the Scheme.

"eligible rollover fund", see section 10(1) of the SIS Act.