Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p35
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 35/43)
Character Range: 1353323–1355935

the fund the benefit will not be provided to, or in respect of, the member under the product by taking out or maintaining insurance if the member's account is inactive for a period of less than 16 months—the member has not made an election under the governing rules of the fund that the benefit will be provided in that way even if the member's account is inactive in relation to the product for that lesser period.
 (3) However, this regulation does not apply in relation to:
 (a) a defined benefit member; or
 (b) an ADF Super member (within the meaning of the Australian Defence Force Superannuation Act 2015); or
 (c) a person who would be an ADF Super member 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 under section 68AAE of the SIS Act.

Insurance inactivity notices
 (4) Each trustee of the regulated superannuation fund must ensure that the member is given an insurance inactivity notice in relation to the benefit for each occasion on which one of the following paragraphs is satisfied:
 (a) the member's account has been continuously inactive in relation to the product under which the benefit is provided for a period and, were the member's account to continue to be inactive in relation to the product for a further period of 7 months, the fund would cease to provide the benefit by taking out or maintaining insurance either under the governing rules of the fund or because of the application of section 68AAA of the SIS Act;
 (b) the member's account has been continuously inactive in relation to the product under which the benefit is provided for a period and, were the member's account to continue to be inactive in relation to the product for a further period of 4 months, the fund would cease to provide the benefit by taking out or maintaining insurance either under the governing rules of the fund or because of the application of section 68AAA of the SIS Act;
 (c) the member's account has been continuously inactive in relation to the product under which the benefit is provided for a period and, were the member's account to continue to be inactive in relation to the product for a further period of 1 month, the fund would cease to provide the benefit by taking out or maintaining insurance either under the governing rules of the fund or because of the application of section 68AAA of the SIS Act.
 (5) For the