6.22B
CurrentWhen benefits in regulated superannuation funds may be cashed in favour of persons except members
Volume 1Parts 1 to 14 (regulations 1.01 to 14.39)
Part 6Payment standards
Division 6.3Cashing of benefits
Subdivision 6.3.1Regulated superannuation funds
6.22B When benefits in regulated superannuation funds may be cashed in favour of persons except members
A member’s benefits in a regulated superannuation fund may be cashed in favour of a person other than the member if:
(a)
the cashing is expressly permitted by the Regulator in a written approval for the purposes of subparagraph 62(1)(b)(v) of the Act; and
(b)
the benefits are cashed only to the extent of that approval.
This Act’s bill:Explanatory statement
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