Document ID: chunk:federal_register_of_legislation:C2025C00134:section:68aa:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 68AA (pt 2/2)
Character Range: 486523–488317

does not apply in relation to the member and the benefit.

Inactive accounts, low‑balance accounts and members under the age of 25 years
 (8A) This section does not require the provision of death benefit in respect of a MySuper member of a regulated superannuation fund, if death benefit is not to be provided in respect of the MySuper member by taking out or maintaining insurance because of section 68AAA, 68AAB or 68AAC.
 (8B) This section does not require the provision of permanent incapacity benefit to a MySuper member of a regulated superannuation fund, if permanent incapacity benefit is not to be provided in respect of the MySuper member by taking out or maintaining insurance because of section 68AAA, 68AAB or 68AAC.
 (9) 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.

Death benefit and permanent incapacity benefit
 (10) For the purposes of this Act:
death benefit means a benefit provided in respect of a member of a regulated superannuation fund in, and only in, the event of the death of the member.
permanent incapacity benefit means a benefit provided to a member of a regulated superannuation fund if, and only if, the member is suffering permanent incapacity.