Document ID: chunk:federal_register_of_legislation:C2025C00134:section:68aac:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 68AAC (pt 2/2)
Character Range: 477880–479480

to another regulated superannuation fund (the successor fund); and
 (b) the successor fund confers on the member equivalent rights to the rights the member had under the original fund in respect of the benefits.
 (3C) Subsection (1) does not apply in relation to the successor fund providing a benefit to, or in respect of, the member if, immediately before the transfer:
 (a) the original fund provided a benefit to, or in respect of, the member under a choice product or MySuper product held by the member by taking out or maintaining insurance; and
 (b) subsection (1):
 (i) did not apply in relation to the original fund providing that benefit to, or in respect of, the member; but
 (ii) would have applied if paragraph (1)(a) were disregarded.
 (4) This section does not apply to:
 (a) a defined benefit member; or
 (b) an ADF Super member (within the meaning of the Australian Defence Force Superannuation Act 2015) who is:
 (i) a member of the Permanent Forces (within the meaning of that Act); or
 (ii) a continuous full‑time Reservist (within the meaning of that Act); or
 (c) a person who would be an ADF Super member covered by paragraph (b) of this subsection apart from the fact that the regulated superannuation fund is or was, for the purposes of Part 3A of the Superannuation Guarantee (Administration) Act 1992, a chosen fund for contributions for the person's superannuation by the Commonwealth; or
 (d) a member to whom the employer‑sponsor contribution exception applies (see section 68AAE); or
 (e) a member to whom the dangerous occupation exception applies (see section 68AAF).