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Superannuation Industry (Supervision)
modification declarationNo. 3 of 2006
Superannuation Industry (Supervision) Act 1993
I, Thomas Karp, a delegate of APRA, under section 332 of the Superannuation Industry Supervision (Act) 1993(the Act), DECLARE thatregulation 6.21of the Regulations haseffectin relation to the class of persons described in the attached Schedule, f it weremodified in the manner specified in the attached Schedule.
ThisdeclarationcomesintoforceuponregistrationofthisinstrumentontheFederal
Register of Legislative Instruments.
Dated 29 June 2006
[Signed]
Thomas Karp
Executive General Manager
Supervisory Support Division
Interpretation
In this instrument
APRAmeanstheAustralianPrudentialRegulationAuthority.
FederalRegisterofLegislativeInstrumentsmeanstheregisterestablishedunder section 20 of the Legislative Instruments Act 2003.
Regulations means theSuperannuationIndustry(Supervision)Regulations1994.
Note1
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sLevel 26, 400 George Street, Sydney, NSW 2000.
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e- s s
Trusteesofregulatedsuperannuationfunds
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e- d d
Regulation 6.21 is to have effect in relation to trustees and members of
superannuation entities as if it was modified, by inserting after subregulation 6.21(1C)
(as inserted by Modification Declaration No 24):
"6.21(1D) During the period 10 May 2006 to 30 June 2007:
) a member's benefits in a regulated superannuation fund (other than the members post65 employerfinanced benefits) are not required to be cashedinaccordancewithparagraphs6.21(1)(a),6.21(1)(b)or6.21(1)(c); and
a members post65 employerfinanced benefits are not required to be cashedinaccordancewithparagraphs6.21(1A)(a)or6.21(1A)(b).
6.21 (1E) The cashing of a member'sbenefits(includingthemember's post-65 employer-financed benefits) by a trustee during the period 10 May 2006 to the date of registration of this modification declaration is not a breach of regulation 6.21 as modified.
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