SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 6.22B When benefits in regulated superannuation funds may be cashed in favour of persons except members
SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 6.22B
When benefits in regulated superannuation funds may be cashed in favour of persons except membersA member's benefits in a regulated superannuation fund may be cashed in favour of a person other than the member if:
(a) the cashing is expressly permitted by the Regulator in a written approval for the purposes of subparagraph 62(1)(b)(v) of the Act; and
(b) the benefits are cashed only to the extent of that approval.