Document ID: chunk:federal_register_of_legislation:F2016L00205:body:0:p3
Version: federal_register_of_legislation:F2016L00205
Segment Type: other
Provision Reference: 
Character Range: 5352–6868

sub-plan at substantially the same time and no person subsequently becomes a member of the fund in relation to the original product or original sub‑plan; and
                (iii) at least 30 days before the superannuation product is issued to a person in the course of the intra-fund transfer, the person is given:
                   (A) a notice in relation to the proposed transfer in accordance with section 1017B of the Act; and
                   (B) a Product Disclosure Statement for the product.
         (1C) In subsections (1A) and (1B):
         accrued default amount has the meaning given by section 20B of the Superannuation Industry (Supervision) Act 1993.
         intra-fund transfer, in relation to a regulated superannuation fund, means:
            (a) a disposal of an interest in the fund and the acquisition of an interest in the fund of a different class in substitution for the interest disposed of; or
            (b) any other circumstance where a person's membership of the fund in relation to a financial product or a sub-plan changes to membership of the fund in relation to another financial product or sub-plan.
         MySuper product has the meaning given by subsection 10(1) of the Superannuation Industry (Supervision) Act 1993.
         regulated superannuation fund has the meaning given by section 19 of the Superannuation Industry (Supervision) Act 1993.
         RSE licence means a licence granted under section 29D of the Superannuation Industry (Supervision) Act 1993.".