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SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT 1992 - SECT 32J A successor fund may become a chosen fund

SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT 1992 - SECT 32J

A successor fund may become a chosen fund

    For the purposes of this Act, if:

  (a)   an employee's interest in a superannuation fund (the original fund ) is transferred to another superannuation fund without the consent of the member; and

  (b)   the other fund is a successor fund (within the meaning of the Income Tax Assessment Act 1997 ) in relation to the transfer; and

  (c)   immediately before the transfer takes effect, the original fund was a chosen fund for the employee; and

  (d)   at the time the transfer takes effect, the other fund:

  (i)   is an eligible choice fund; and

  (ii)   is a fund to which the employer can make contributions for the benefit of the employee;

from the time the transfer takes effect, the other fund is taken to be a chosen fund for the employee, and the original fund is taken no longer to be a chosen fund for the employee.