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StatuteSuperannuation Guarantee (Administration) Act 1992

Section 32H — Superannuation Guarantee (Administration) Act 1992: When fund ceases to be a chosen fund

Text of the provision Official document

(1) A fund (the old fund) ceases to be a chosen fund for an employee if: (a) there is another fund that is a chosen fund for the employee; and (b) neither the employee nor the Commissioner has given the employer a written notice stating that the old fund continues to be a chosen fund for the employee. (1A) The employee may give the employer a written notice, or give the Commissioner a notice in the approved form, stating that the old fund continues to be a chosen fund for the employee. (2) A fund also ceases to be a chosen fund if the employee requests the employer, under subsection 32N(3), to give him or her a standard choice form and the employer does not do this by the time specified in that subsection. (3) A fund also ceases to be a chosen fund if it is impossible for the employer to contribute on behalf of the employee to the chosen fund. This may occur immediately after the fund becomes a chosen fund for the employee. Example: The chosen fund is closed to new members or ceases to accept further contributions. (4) A fund also ceases to be a chosen fund if the fund ceases to be an eligible choice fund for the employer. This may occur immediately after the fund becomes a chosen fund for the employee.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.