Commonwealth Numbered Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 32

32.(1) The regulations may prescribe standards applicable to the operation
of approved deposit funds ("funds").

(2) The standards that may be prescribed include, but are not limited to,
standards relating to the following matters:

   (a)  the kinds of amounts that may be deposited with funds;

   (b)  the preservation of amounts deposited with funds, and of earnings on
        such amounts;

   (c)  the payment out of funds of amounts deposited with the funds, and of
        earnings on such amounts;

   (d)  the portability of amounts deposited with funds, and of earnings on
        such amounts;

   (e)  the form in which benefits may be paid out of funds;

   (f)  the investment of assets of funds;

   (g)  the keeping and retention of records in relation to funds;

   (h)  the financial and actuarial reports to be prepared in relation to
        funds;

   (i)  the disclosure of information to beneficiaries in funds;

   (j)  the disclosure of information about funds to the Commissioner;

   (k)  the disclosure of information about funds to persons other than
        beneficiaries or the Commissioner;

   (l)  the financial position of funds;

   (m)  the funding and solvency of funds;

   (n)  the winding-up of funds.