Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1992 No. 208 of 1992 - SECT 70

70. Section 3 of the Principal Act is amended by adding at the end the
following subsections:

"(6) For the purposes of paragraph (b) of the definition of 'superannuation
fund' in subsection (1), a fund is taken to provide a benefit for a member of
the fund as the result of a particular event even if, at the request of the
member, the trustees of the fund delay the provision of the whole or a part of
the benefit for up to 90 days after the member becomes entitled to the
benefit.

"(7) Subsection (6) does not, by implication, limit the circumstances in which
the trustees of a fund may delay the provision of benefits in circumstances
that are consistent with paragraph (b) of the definition of 'superannuation
fund' in subsection (1).".