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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 members

    If the trustee of the fund receives a contribution in a month, the trustee must allocate the contribution:

  (a)   to a member of the fund:

  (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.

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