Document ID: chunk:federal_register_of_legislation:C2004A04762:body:0:p22
Version: federal_register_of_legislation:C2004A04762
Segment Type: other
Provision Reference: 
Character Range: 54533–57446

roll-over fund' means a fund in respect of which a declaration by
the Insurance and Superannuation Commissioner under section 243 of the
Superannuation Industry (Supervision) Act 1993 is in force.".

SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - SECT 54
Preservation of portion of benefit

SECT
  54. Section 62B of the Principal Act is amended:
  (a) by omitting from paragraph (1)(c) "2 months" and substituting "90
days";
  (b) by omitting from paragraph (1)(c) "a preservation fund nominated by the
Commissioner" and substituting "an eligible roll-over fund nominated by the
Board".

SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - SECT 55
Payment of productivity benefit

SECT
  55. Section 110R of the Principal Act is amended:
  (a) by omitting from subsection (6) "2 months" and substituting "90 days";
  (b) by omitting from subsection (6) "a preservation fund nominated by the
Commissioner" and substituting "an eligible roll-over fund nominated by the
Board".

SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - SECT 56
Payment of top-up benefit-preservation

SECT
  56. Section 110SG of the Principal Act is amended:
  (a) by omitting from subsection (2) "2 months" and substituting "90 days";
  (b) by omitting from subsection (2) "a preservation fund nominated by the
Commissioner" and substituting "an eligible roll-over fund nominated by the
Board".

SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - SECT 57
Payment of transfer values to Commissioner

SECT
  57. Section 128 of the Principal Act is amended:
  (a) by omitting from paragraph (4A)(c) "2 months" and substituting "90
days";
  (b) by omitting from paragraph (4A)(c) "a preservation fund nominated by the
Commissioner" and substituting "an eligible roll-over fund nominated by the
Board".

SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - SECT 58
Deferral of benefit payable under section 110P

SECT
  58. Section 139AA of the Principal Act is amended:
  (a) by omitting from paragraph (1)(b) "2 months" and substituting "90
days";
  (b) by omitting from paragraph (1)(b) "a preservation fund nominated by the
Commissioner" and substituting "an eligible roll-over fund nominated by the
Board".

SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - SECT 59
Insertion of new section

SECT
  59. After section 158 of the Principal Act the following section is
inserted:
Payment of unclaimed money to eligible roll-over fund
  "158A. If:
  (a) a lump sum benefit is payable under this Act to a person; and
  (b) the person fails, within 90 days after the benefit becomes payable, to
tell the Board in writing how the person wishes the benefit to be paid;
the Board may pay the amount of the benefit to an eligible roll-over fund.".

SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - DIVISION 7
         Division 7-Fund to cease to be part of the