Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if the trustee, or the trustees, of an eligible rollover fund is or are suspended or removed.
(2) The Regulator must not appoint a person to act as trustee of the fund unless the person has made elections of the kind referred to in sections 242B and 242C.
(3) The person appointed to act as trustee of the fund is taken to have been authorised to operate the eligible rollover fund.