20FConversion notice

#### 20F Conversion notice 20F Conversion notice > > (1) A conversion notice is a notification by the Treasurer to a contributor notifying the contributor of the right to make a conversion election under this Part. > > > (2) The Treasurer must send to each contributor a conversion notice. > > > (3) A conversion notice must be in writing in the form determined by the Treasurer and may consist of one or more documents. > > > (4) A conversion notice is to be sent in the manner determined by the Treasurer. > > > (5) Without limiting any other matters that may be included, a conversion notice must set out the following matters— > > > > > (a) a statement to the effect that on taking effect a conversion election will terminate the contributor’s membership of the Fund and of the Fund under the [State Authorities Non-contributory Superannuation Act 1987](/view/html/inforce/current/act-1987-212) and terminate any right of the contributor to any benefit (other than a conversion benefit) from those Funds, > > > > > (b) the estimated benefits payable in respect of the contributor under this Part on making a conversion election and the estimated amount of benefits payable under this Act if the contributor does not make the election, > > > > > (c) details of any benefits forgone by the contributor, whether under this Act or the [State Authorities Non-contributory Superannuation Act 1987](/view/html/inforce/current/act-1987-212), on a conversion election taking effect, > > > > > (d) the date on which a conversion election is to take effect (in this Part referred to as the conversion date) and the last date for making an election, > > > > > (e) a statement to the effect that on and from the conversion date a contributor who makes a conversion election is required to become a member of the Aware Super Fund or, if the contributor is required by this Part to become a member of another specified superannuation fund or a superannuation fund of a specified kind, the fund or kind of fund to which STC is required to pay the conversion benefit, > > > > > (f) a statement to the effect that independent financial advice should be obtained before making a conversion election and particulars of persons who are available to provide that advice, > > > > > (g) a statement of the manner in which a conversion election is to be made, > > > > > (h) a statement of the manner in which a conversion election may be amended or revoked and the last date on which it may be amended or revoked. > > **s 20F:** Ins 1998 No 144, Sch 1.4 \[1\]. Subst 1999 No 6, Sch 1.5 \[2\]; 2022 No 29, Sch 2.9\[3\].