Commonwealth Consolidated Acts

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 99BA

No exit fees

  (1)   The trustee, or the trustees, of a regulated superannuation fund or an approved deposit fund must not charge exit fees, except in circumstances prescribed by the regulations.

  (2)   An exit fee is a fee, other than a buy - sell spread, that relates to the disposal of all or part of a member's interests in a superannuation entity.



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