SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 5.01B Trustee may provide greater protection than this Part requires

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 5.01B

    The trustee of a regulated superannuation fund or approved deposit fund has the power, despite anything in the governing rules of the fund, to protect the benefits of members:

  (a)   to a greater degree than is required by this Part; or

  (b)   from an earlier date than is required by this Part;

if the trustee does so in a way that is consistent with this Part.

Note:   This regulation was amended with effect from 1   July 2013 as part of changes to the former member protection standards. A trustee might choose to continue to protect the benefits of all members from 1   July 2013 until when the trustee starts to enrol members in the MySuper product.