Document ID: chunk:federal_register_of_legislation:C2025C00134:section:20b:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 20B (pt 2/2)
Character Range: 138742–139613

taken to have given the trustee, or the trustees, of the earlier fund a direction on the investment option under which an asset (or assets) of the earlier fund is to be invested; and
 (c) an amount attributable to the person is invested under an equivalent investment option offered by the later fund (the equivalent investment option);
the person is taken to have given the trustee, or the trustees, of the later fund a direction to invest in the equivalent investment option any asset (or assets) of the later fund that is attributed to the person in relation to an amount attributed to the person.
 (4) In this section:
investment account contract has the same meaning as in the Life Insurance Act 1995.
life policy has the same meaning as in the Life Insurance Act 1995.

Part 2A—Licensing of trustees and groups of individual trustees

Division 1—Object of this Part