SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 55A Rules about cashing benefits after death of members
SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 55A
Rules about cashing benefits after death of members(1) The governing rules of a regulated superannuation fund must not permit a fund member's benefits to be cashed after the member's death otherwise than in accordance with standards prescribed for the purposes of section 31.
(2) If the governing rules of a fund are inconsistent with subsection (1):
(a) subsection (1) prevails; and
(b) the governing rules are invalid, to the extent of the
inconsistency.