Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

PARLIAMENTARY SUPERANNUATION ACT 2004 - SECT 16

Obligation to notify person of right to choose a fund

  (1)   Within 28 days after a person (the member ) becomes a person who, under section   10, can choose a fund as described in section   11, the administering authority must cause the member to be given written notice containing the following information:

  (a)   a statement that the member may choose a complying superannuation fund or an RSA as the fund to which contributions in respect of the member will be paid under this Act;

  (b)   a statement to the effect that if the member does not choose a fund, the contributions will be paid to the fund that is, from time to time, the default fund;

  (c)   such other information (if any) as is required by the regulations.

  (2)   For the purposes of subsection   (1), a person becomes a person who, under section   10, can choose a fund as described in section   11, on whichever of the following days applies:

  (a)   in the case of a person to whom paragraph   10(a) applies:

  (i)   unless subparagraph   (ii) applies--the first day of the relevant new scheme contribution period of the person; or

  (ii)   if the day on which the person is declared, under section   283 or 284 of the Commonwealth Electoral Act 1918 , to have been elected is later than the day applicable under subparagraph   (i)--that later day;

  (b)   in the case of a person to whom subparagraph   10(b)(i) applies--the day on which the person is declared, under section   283 of the Commonwealth Electoral Act 1918 , to have been elected to the Senate;

  (c)   in the case of a person to whom subparagraph   10(b)(ii) applies--the day on which the person is chosen or appointed as mentioned in that subparagraph.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback