16NWhen benefit fund rules approved by APRA come into force

16N When benefit fund rules approved by APRA come into force

Benefit fund rules approved by APRA under section 16L come into force on the later of the following days:

(a) the day on which a copy of the rules is lodged with ASIC;

(b) the day (if any) specified in the rules as the day on which they are to come into force;

(c) if the company that applied for approval of the rules was not a friendly society on the day on which the application was made—the day on which the company becomes a friendly society.