Arrangements for revocation of conversion elections
29 Arrangements for revocation of conversion elections
The Minister may enter into a written arrangement with STC, FTC, a trustee of a superannuation scheme or any other person, for or with respect to the revocation of a conversion election made by a former contributor, or class of former contributors, and the reinstatement of that former contributor, or class of former contributors, as a contributor or contributors under this Act.
An arrangement may be entered into by the Minister with one or more of the persons referred to in subclause (1).
For the purposes of this Part, STC, FTC, the trustee of a superannuation scheme or any other person may enter into an arrangement under this Part.
STC or FTC must, if required by the Minister, enter into an arrangement under this Part.
The Minister or any person with whom the Minister enters into an arrangement under this Part may not give effect to any such arrangement with respect to a former contributor except with the written consent of the former contributor affected by the arrangement.
A former contributor who makes a revocation election is taken to have given consent for the purposes of subclause (5).
An arrangement under this Part may be amended in the manner provided by the arrangement.
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