37Variation of a choice notice

37 Variation of a choice notice

(1) The member may vary a choice notice he or she has given by notice in writing signed by the member and given to the administering authority.

(2) The only variations that are permitted are—

(a) to change the chosen fund to another fund that is, at the time the notice is given—

(i) a complying superannuation fund; or

(ii) an RSA; or

(b) if the start date has not already occurred, to change the start date to a later date.

(3) The notice of variation must specify a date from which the variation is to take effect, being the date on which the notice is given or a later date.

(4) A notice of variation to change the chosen fund must—

(a) specify the name of, and contact details for, the new chosen fund;

(b) be accompanied by evidence that the new chosen fund will—

(i) accept contributions under this Part; and

(ii) comply with any requirements which are prescribed for the purposes of section 35.

(5) Subject to any later variations, if the notice of variation complies with this section, it varies the choice notice accordingly with effect from the variation date.

S. 38 inserted by No. 78/2004 s. 7.