Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS - REG 18DA

Transitional -- certain provisions in regulations 18E and 18F

         (1)   Subject to subregulation (4), the provisions of this regulation apply only during the period that commences on 1 July 1992 and ends at the end of 31 December 1992.

         (2)   If a fund does not satisfy a standard prescribed by paragraph 18E (2) (b), 18E (3) (d) or 18E (3) (f) in relation to a prospective member before the date on which he or she becomes a member, the fund is taken to have satisfied the standard if the fund performs the action specified in the standard at the earliest practicable time after that date.

         (3)   In the application of subregulation (2) to those standards, the following modifications apply:

                (a)    paragraphs 18E (2) (b), 18E (3) (d) and 18E (3) (f) have effect with the omission of 'a prospective member' and the substitution of 'a member'; and

               (b)    subparagraph 18E (2) (b) (i) has effect with the omission of 'the prospective member would be entitled on joining' and the substitution of 'the member is entitled from'; and

                (c)    subparagraph 18E (3) (d) (iii) has effect with the omission of 'the prospective member would belong on joining the fund' and the substitution of 'the member belongs'.

         (4)   Subregulation (2) extends to action performed by the fund after 31 December 1992 in relation to a prospective member who becomes a member on a date ( the joining date ) that occurs on or before 31 December 1992, if the fund performs the action at the earliest practicable time after the joining date.

         (5)   An advice given under regulation 18F does not have to comply with paragraph 18F (c).

         (6)   Paragraph 18F (d) has effect with the omission of '(c), (d) and (e),' and the substitution of '(c) and (d),'.



[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]