Commonwealth Numbered Regulations

1990 No. 185 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 10

10. After regulation 17 of the Principal Regulations the following regulation
is inserted: Standards-members of superannuation fund ceasing to be entitled
to benefits

"17A. For the purposes of subsection 7 (1) of the Act, the following standard
are prescribed where the right of a member of a fund or of the dependants of a
member to receive benefits from the fund ceases during a year of income:

   (a)  if, at the time of the cessation of the right, a specific part of the
        amount of the fund was appropriated for the provision of benefits for
        the member or his or her dependants-the amount of those benefits must
        be applied in the year of income, or in the period of 6 months after
        the year of income, for:

        (i)    the provision of the benefits that other members or their
               dependants have rights to receive from the fund; or

        (ii)   the provision for other members or their dependants who have
               rights to receive benefits from the fund of additional benefits
               on a basis that the Commissioner is satisfied is reasonable
               having regard to all the circumstances; or

        (iii)  any other purpose approved in writing by the Commissioner;

   (b)  if, at the time of the cessation of the right, a specific part of the
        amount of the fund was not appropriated for the provision of benefits
        for the member or his or her dependants-any additional benefits that
        have been, or are to be, provided from the fund for other members of
        the fund or their dependants because of the cessation of the right
        must have been, or must be, provided on a basis that the Commissioner
        is satisfied is reasonable having regard to all the circumstances.".