SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 55B Governing rules do not prevent giving effect to certain elections

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 55B

    A provision in the governing rules of a regulated superannuation fund is void to the extent that it would prevent a trustee or trustees of the fund from giving effect to:

  (a)   an election made in accordance with section   29SAA (election to transfer accrued default amounts to a MySuper product); or

  (b)   an election made in accordance with section   29SAB (election to transfer assets attributed to a MySuper product if authorisation cancelled); or

  (c)   a requirement in regulations made for the purposes of subsection   29SAA(3); or

  (d)   an election made in accordance with section   29SAC (election not to pass costs of paying conflicted remuneration onto MySuper members); or

  (e)   an election made in accordance with section   242B (election to transfer amounts held in an eligible rollover fund if authorisation cancelled); or

  (f)   an election made in accordance with section   242C (election not to pass costs of paying conflicted remuneration to members of eligible rollover fund).