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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.

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