Document ID: chunk:federal_register_of_legislation:C2015C00151:clause:6_29x
Version: federal_register_of_legislation:C2015C00151
Segment Type: clause
Provision Reference: sch 6 cl 29X
Character Range: 107124–107879

29X  Prudential standards dealing with accrued default amounts
  A prudential standard determined under section 34C may include provisions:
 (a) requiring an RSE licensee of a regulated superannuation fund who holds an accrued default amount:
 (i) for a member of the fund who is not eligible to hold a MySuper product offered by the fund; or
 (ii) for a member of a regulated superannuation fund of the RSE licensee that does not offer a MySuper product;
  to transfer that amount to another regulated superannuation fund that includes a MySuper product; and
 (b) setting out the requirements that must be met in relation to the transfer of such an accrued default amount; and
 (c) dealing with other matters relating to such an accrued default amount.