Document ID: chunk:federal_register_of_legislation:C2015A00071:clause:2_32j
Version: federal_register_of_legislation:C2015A00071
Segment Type: clause
Provision Reference: sch 2 cl 32J
Character Range: 3696–4552

32J  A successor fund may become a chosen fund
  For the purposes of this Act, if:
 (a) an employee's interest in a superannuation fund (the original fund) is transferred to another superannuation fund without the consent of the member; and
 (b) the other fund is a successor fund (within the meaning of the Income Tax Assessment Act 1997) in relation to the transfer; and
 (c) immediately before the transfer takes effect, the original fund was a chosen fund for the employee; and
 (d) at the time the transfer takes effect, the other fund:
 (i) is an eligible choice fund; and
 (ii) is a fund to which the employer can make contributions for the benefit of the employee;
from the time the transfer takes effect, the other fund is taken to be a chosen fund for the employee, and the original fund is taken no longer to be a chosen fund for the employee.