CORPORATIONS REGULATIONS 2001 - REG 7.9.11LB Attribution of accrued default amount to MySuper product--modification of significant event notice requirements

CORPORATIONS REGULATIONS 2001 - REG 7.9.11LB

    If a person:

  (a)   is an RSE licensee; and

  (b)   is exempted under subregulation   9.46(2) of the Superannuation Industry (Supervision) Regulations   1994 from notice requirements in relation to the attribution or transfer of an accrued default amount;

then, for paragraph   1020G(1)(c) of the Act, section   1017B of the Act applies to the person as if subsection   1017B(4) were omitted and the following subsection were substituted:

  (4)   The notice must mention the following:

  (a)   the accrued default amount that was attributed or transferred;

  (b)   the name of the MySuper product to which the amount was attributed or transferred;

  (c)   how the member may obtain a product disclosure statement for the MySuper product;

  (d)   any other information that the member needs to understand the attribution or transfer.