Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to section 4D, the Minister may declare a superannuation fund to be an approved fund for the purposes of this Act.
(2) A remainder employee may, by notice in writing to the employee's designated employer, elect to be a member of an approved fund.
(3) A fund employee who has made an election may revoke the election.
(4) While an election by a fund employee is in force, the employee is, for the purposes of this Act, taken to be a member of the fund to which the election applies and not to be a member of any other approved fund of which he or she has been a member or of the nominated fund.