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CORPORATIONS REGULATIONS 2001 - REG 7.9.54 Specific requirements in all cases

CORPORATIONS REGULATIONS 2001 - REG 7.9.54

Specific requirements in all cases

    For paragraph   1017D(5)(g) of the Act, if a reporting period is the exit reporting period, the issuer of a superannuation product (other than the trustee of a self managed superannuation fund or pooled superannuation trust) must include in the periodic report given to a person who ceases, otherwise than by death to hold the product:

  (a)   the information mentioned in regulation   7.9.19; and

  (b)   in relation to a death or disability benefit that ceases or reduces, because the person has ceased to hold the product:

  (i)   either:

  (A)   the amount of the death or disability benefit immediately before the person ceased to hold the product or at the end of the last reporting period; or

  (B)   the method of working out the death or disability benefit; and

  (ii)   whether a continuation option is available to the person and, if it is, details of the option, a contact person who is available to discuss the option and a telephone number for the contact person.

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