SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 7.11 Contributions to be allocated to members
SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 7.11
Contributions to be allocated to membersIf the trustee of the fund receives a contribution in a month, the trustee must allocate the contribution:
(i) within 28 days after the end of the month; or
(ii) if it is not reasonably practicable to comply with subparagraph (i)--within a longer period that is reasonable in the circumstances; and
(b) having regard to the present and prospective liabilities of
the fund to its members.