Document ID: chunk:federal_register_of_legislation:C2025C00134:section:55b
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 55B
Character Range: 396542–397593

55B  Governing rules do not prevent giving effect to certain elections
  A provision in the governing rules of a regulated superannuation fund is void to the extent that it would prevent a trustee or trustees of the fund from giving effect to:
 (a) an election made in accordance with section 29SAA (election to transfer accrued default amounts to a MySuper product); or
 (b) an election made in accordance with section 29SAB (election to transfer assets attributed to a MySuper product if authorisation cancelled); or
 (c) a requirement in regulations made for the purposes of subsection 29SAA(3); or
 (d) an election made in accordance with section 29SAC (election not to pass costs of paying conflicted remuneration onto MySuper members); or
 (e) an election made in accordance with section 242B (election to transfer amounts held in an eligible rollover fund if authorisation cancelled); or
 (f) an election made in accordance with section 242C (election not to pass costs of paying conflicted remuneration to members of eligible rollover fund).