Document ID: chunk:federal_register_of_legislation:C2004A01287:clause:1_144
Version: federal_register_of_legislation:C2004A01287
Segment Type: clause
Provision Reference: sch 1 cl 144
Character Range: 96250–97184

144  Benefits may be transferred to a new fund with APRA's approval etc.

 (1) All benefits of members and beneficiaries in a regulated superannuation fund or approved deposit fund (the transferor fund) may be transferred to another regulated superannuation fund or approved deposit fund (the transferee fund) if:
 (a) APRA approves the transfer under this Part; and
 (b) the transfer takes place under an arrangement between all the trustees of the transferor fund and:
 (i) if the trustee of the transferee fund is a body corporate—the approved trustee or the RSE licensee of the transferee fund; or
 (ii) if there is a group of individual trustees of the transferee fund that is an RSE licensee—all of the individual trustees of the transferee fund.

 (2) This section does not affect the transfer of any benefits in a superannuation fund or approved deposit fund under any other provision of this Act or under the regulations.