SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 7.04A Acceptance of contributions--public offer superannuation funds
SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 7.04A
Acceptance of contributions--public offer superannuation funds(1) For paragraph 31(2)(d) of the Act, the standard mentioned in subregulation (2) applies to a regulated superannuation fund that is a public offer superannuation fund.
(a) a person is a member of a standard employer - sponsored fund; and
(b) the person is employed by another employer (the new employer ) who is not a standard employer - sponsor of the fund;
the fund must not make its acceptance of contributions from the new employer
in respect of the member conditional upon the new employer becoming a standard
employer - sponsor of the fund.