Western Australian Current Acts Western Australian Current Acts (1) The Governor may,
by regulations —
(a)
designate a superannuation fund as the fund to which the scheme contributions
are to be paid and through which the scheme benefits are to be provided; and
(b)
revoke a designation made under paragraph (a).
(2) Regulations may
not designate a superannuation fund under subsection (1)(a) unless the
Minister is satisfied that —
(a) the
governing rules of the superannuation fund will, if the superannuation fund is
designated, so far as the SIS Act permits —
(i)
entitle members and employers to participate in and pay
scheme contributions to the superannuation fund; and
(ii)
require the trustee of the superannuation fund to provide
the scheme benefits;
and
(b) the
superannuation fund will, with respect to each member, be a successor fund in
relation to a transfer of benefits from the superannuation fund through which,
immediately before the designation, the scheme benefits are provided.
(3) Regulations may
not revoke the designation of a superannuation fund under subsection (1)(b)
unless they also designate another superannuation fund under subsection (1)(a)
with effect from the revocation.
(4) Regulations made
under subsection (1) may include any provision necessary or convenient for
consistency with the SIS Act.
[Section 7B inserted: No. 19 of 2013 s. 6.]
[Part 3 (s. 7-28A and 28B) deleted: No. 19 of 2013 s. 18.]