Commonwealth Consolidated Regulations

SUPERANNUATION (FORMER HLIC EMPLOYEES) REGULATIONS - REG 3

(1)

These Regulations apply to a person who:

(a)

is a person to whom section 155B of the Act applies; and

(b)

was, immediately before becoming such a person, a Corporation employee within the meaning of the Housing Loans Insurance Corporation (Sale of Assets and Abolition) Act 1990 ;

other than a person who:

(c)

has not received an offer of the kind referred to in subsection 15 (1) of that Act; or

(d)

has received such an offer but is a person to whom that subsection does not apply by reason of subsection 15 (2) of that Act.

(2)

In its application to and in relation to a person to whom these Regulations apply, the Act is modified as specified in the Schedule.