NSWIn ForceAct
Superannuation Act 1916
10YElections to take up abandoned units at annual review day
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#### 10Y Elections to take up abandoned units at annual review day
10Y Elections to take up abandoned units at annual review day
> Where an employee has an abandoned unit at the employee’s annual review day in any half-year—
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> > (a) the employee may, within 2 months after that day, elect to take up that unit, and
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> > (b) if the employee so elects—
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> > > (i) the employee shall commence to contribute for the unit as from the employee’s annual adjustment day in that half-year, and
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> > > (ii) the unit ceases to be an abandoned unit as from that annual adjustment day.
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> **s 10Y:** Ins 1976 No 101, Sch 3 (3).