Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:3:p56
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 3 (pt 56/66)
Character Range: 368451–371230

a rollover or transfer in more than 1 transaction to ensure that only the illiquid investment is rolled over or transferred outside the 3 day period.

6.34B  Member details for rollover or transfer
 (1) A trustee of a transferring fund who rolls over or transfers the whole or part of a member's withdrawal benefit under regulation 6.34 to a regulated superannuation fund, approved deposit fund or RSA provider (the receiving fund) must give the following information to the receiving fund in relation to the rollover or transfer:
 (a) the member's full name;
 (b) the member's date of birth;
 (c) the member's sex;
 (d) the member's residential address;
 (e) the payment reference number included with the rollover or transfer.
Note: See section 299M of the Act for requirements relating to the provision of the member's tax file number.
 (2) However, the trustee is not required to give the information to the receiving fund if the member has not given the information to the transferring fund.
 (3) The trustee must give the information to the receiving fund on the same day as the trustee makes the rollover or transfer.
Note: Standards made under subsection 34K(3) of the Act may set out how the information in subregulation (1) is to be given to the receiving fund (for example, electronically), and may require additional information to be given.

6.34C  Receiving fund must electronically receive information and payment
 (1) This regulation applies to a regulated superannuation fund or approved deposit fund (the receiving fund) if:
 (a) another regulated superannuation fund or approved deposit fund, or an RSA provider (the transferring fund) gives to the receiving fund in relation to a rollover or transfer:
 (i) the information mentioned in subregulation 6.34B(1); and
 (ii) a payment of the whole or a part of a member's withdrawal benefit being rolled over or transferred to the receiving fund; and
 (b) the information is given, and the payment made, in accordance with the applicable Standards (if any) made under subsection 34K(3) of the Act or subsection 45B(3) of the RSA Act.
 (2) The receiving fund must be able to receive the information and payment electronically.
Note: Standards made under subsection 34K(3) may set out additional requirements for how the fund is to receive the information and payment.

6.34D  Receiving fund must allocate amount to member
 (1) This regulation applies to the trustee of a regulated superannuation fund or approved deposit fund (the receiving fund) if:
 (a) the receiving fund receives a rollover or transfer of an amount that is the whole or a part of a member's withdrawal benefit from:
 (i) a regulated superannuation fund or approved deposit fund; or
 (ii) an RSA provider; or
 (iii) the Commissioner of Taxation;