not a breach of regulation 6.21 as modified
Reference: SIS Modification Declaration 2006/3
Document type: Superannuation Industry (Supervision) modification declaration No. 3 of 2006
Enabling act: Superannuation Industry (Supervision) Act 1993
Date of issue: 29 June 2006
Signatory: Thomas Karp Executive General Manager Supervisory Support Division
Registration number: F2006L02152
Registration date: 30 June 2006


The declaration comes into force upon registration on the Federal Register of Legislative Instruments. | In this Instrument | APRA means the Australian Prudential Regulation Authority. | Federal Register of Legislative Instruments means the register established under section 20 of the Legislative Instruments Act 2003 . | Regulations means the Superannuation Industry (Supervision) Regulations 1994 . | Trustees of regulated superannuation funds | Regulation 6.21 is to have effect in relation to trustees and members of superannuation entities as if it was modified, by inserting after subregulation 6.21(1C) (as inserted by Modification Declaration No 24): "6.21(1D) During the period 10 May 2006 to 30 June 2007: (i) a member's benefits in a regulated superannuation fund (other than the member's post-65 employer-financed benefits) are not required to be cashed in accordance with paragraphs 6.21(1)(a), 6.21(1)(b) or 6.21(1) (c); and (ii) a member's post-65 employer-financed benefits are not required to be cashed in accordance with paragraphs 6.21(1A)(a) or 6.21(1A)(b). 6.21(1E) The cashing of a member's benefits (including the member's post-65 employer-financed benefits) by a trustee during the period 10 May 2006 to the date of registration of this modification declaration is not a breach of regulation 6.21 as modified. | "6.21(1D) During the period 10 May 2006 to 30 June 2007: (i) a member's benefits in a regulated superannuation fund (other than the member's post-65 employer-financed benefits) are not required to be cashed in accordance with paragraphs 6.21(1)(a), 6.21(1)(b) or 6.21(1) (c); and (ii) a member's post-65 employer-financed benefits are not required to be cashed in accordance with paragraphs 6.21(1A)(a) or 6.21(1A)(b). 6.21(1E) The cashing of a member's benefits (including the member's post-65 employer-financed benefits) by a trustee during the period 10 May 2006 to the date of registration of this modification declaration is not a breach of regulation 6.21 as modified. | (i) a member's benefits in a regulated superannuation fund (other than the member's post-65 employer-financed benefits) are not required to be cashed in accordance with paragraphs 6.21(1)(a), 6.21(1)(b) or 6.21(1) (c); and (ii) a member's post-65 employer-financed benefits are not required to be cashed in accordance with paragraphs 6.21(1A)(a) or 6.21(1A)(b).