Document ID: chunk:federal_register_of_legislation:C2018C00085:clause:4_17
Version: federal_register_of_legislation:C2018C00085
Segment Type: clause
Provision Reference: sch 4 cl 17
Character Range: 81732–82529

17  Subsection 995‑1(1) (definition of successor fund)
Repeal the definition, substitute:
successor fund, in relation to a transfer of a *superannuation interest of:
 (a) a member of a *superannuation fund; or
 (b) a depositor with an *approved deposit fund; or
 (c) a holder of an *RSA;
means another superannuation fund, approved deposit fund or RSA if the following conditions are met:
 (d) that other fund or RSA confers on that member, depositor or holder equivalent rights to the rights he or she had under the first‑mentioned fund or RSA in respect of the interest;
 (e) the conferral of these equivalent rights was agreed, before the transfer, between:
 (i) the *superannuation provider of that other fund or RSA; and
 (ii) the superannuation provider of the first‑mentioned fund or RSA.