Rollover—regulated superannuation funds and approved deposit funds
6.28 Rollover—regulated superannuation funds and approved deposit funds
Except as otherwise provided by the Act, the Corporations Act 2001, the Corporations Regulations 2001 or these regulations, a member’s benefits in a regulated superannuation fund or an approved deposit fund must not be rolled over from the fund unless:
the member has given to the trustee the member’s consent to the rollover; or
the trustee of the fund believes, on reasonable grounds, that:
the trustee of the regulated superannuation fund, the approved deposit fund or the EPSSS; or
the RSA institution providing the RSA;
into which the benefits are to be rolled over has received, from the member, consent to the rollover.
The fund to which the money is to be rolled over must not be a registrable superannuation entity that:
is a regulated superannuation fund or an approved deposit fund; and
has not been registered under Part 2B of the Act.
This Act’s bill:Explanatory statement
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.