Commonwealth Consolidated Regulations

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 7A.03I

         (1)   This regulation applies:

                (a)    if:

                          (i)    a trustee receives a request under regulation 7A.03C within the time allowed under subregulation 7A.03F (1); and

                         (ii)    paragraph 7A.03G (2) (b) does not apply to the request; or

               (b)    if:

                          (i)    a trustee receives a request under regulation 7A.03C within the time allowed under subregulation 7A.03F (1); and

                         (ii)    the trustee has, under paragraph 7A.03G (3) (a), retained the new interest in accordance with the request.

         (2)   The trustee must give to the non‑member spouse a written notice:

                (a)    confirming that the non‑member spouse has an interest in the fund; and

               (b)    informing the non‑member spouse of the relevant cooling‑off arrangements.

Note    After the new interest in the fund is confirmed, it is no longer a non‑member spouse interest.