5.02C
CurrentRefund of costs
Volume 1Parts 1 to 14 (regulations 1.01 to 14.39)
Part 5Benefit protection standards
Division 5.1Preliminary
5.02C Refund of costs
(1)
The trustee of a regulated superannuation fund or approved deposit fund may refund, to a member’s benefits in the fund, costs charged against the member’s benefits.
(2)
In determining the amount of refund to be credited, the trustee must ensure that the total amount to be refunded is distributed in a fair and reasonable manner to all the members of the fund against whom the costs were charged.
This Act’s bill:Explanatory statement
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