Section 32J — Superannuation Guarantee (Administration) Act 1992: A successor fund may become a chosen fund
Text of the provision Official document
For the purposes of this Act, if: (a) an employee’s interest in a superannuation fund (the original fund) is transferred to another superannuation fund without the consent of the member; and (b) the other fund is a successor fund (within the meaning of the Income Tax Assessment Act 1997) in relation to the transfer; and (c) immediately before the transfer takes effect, the original fund was a chosen fund for the employee; and (d) at the time the transfer takes effect, the other fund: (i) is an eligible choice fund; and (ii) is a fund to which the employer can make contributions for the benefit of the employee; from the time the transfer takes effect, the other fund is taken to be a chosen fund for the employee, and the original fund is taken no longer to be a chosen fund for the employee.
Official source: Federal Register of Legislation
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