Document ID: chunk:federal_register_of_legislation:C2015A00071:clause:2_4
Version: federal_register_of_legislation:C2015A00071
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 3010–3651

4  Before subsection 32C(2B) (before the heading)
Insert:
 (2AB) For the purposes of subparagraph (2)(ba)(iii), a fund (the new fund) meets the requirements to be a successor default fund if:
 (a) the employee's interest in a fund (the original fund) is transferred to the new fund without the consent of the member; and
 (b) the original fund is a fund:
 (i) to which subparagraph (2)(ba)(i) applies; or
 (ii) to which subparagraph (2)(ba)(ii) applies, or would have applied if the transfer had not occurred; and
 (c) the new fund is a successor fund (within the meaning of the Income Tax Assessment Act 1997) in relation to the transfer.