55A
CurrentRules about cashing benefits after death of members
Volume 1Parts 1 to 15 (sections 1 to 127)
Part 6Provisions relating to governing rules of superannuation entities
55A Rules about cashing benefits after death of members
(1)
The governing rules of a regulated superannuation fund must not permit a fund member’s benefits to be cashed after the member’s death otherwise than in accordance with standards prescribed for the purposes of section 31.
(2)
If the governing rules of a fund are inconsistent with subsection (1):
(a)
subsection (1) prevails; and
(b)
the governing rules are invalid, to the extent of the inconsistency.
This Act’s bill:Second reading speech
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