20HMaking, amendment and revocation of conversion election

20H Making, amendment and revocation of conversion election

20H Making, amendment and revocation of conversion election

(1) A conversion election must be in writing in the form determined by the Treasurer.

(2) A conversion election is not validly made, amended or revoked, by a contributor unless it is made, amended or revoked as determined by the Treasurer and as specified in the conversion notice.

(3) A conversion election may be amended or revoked in writing at any time by a contributor on or before the last date for making an election specified in the conversion notice for the contributor but may not be amended or revoked after that date.

(4) The Treasurer, or a person or body authorised by the Treasurer for the purposes of this subsection, must notify STC when a conversion election takes effect in respect of a contributor.

(5) For the avoidance of doubt, section 91 (2) applies to a conversion election.

s 20H: Ins 1998 No 144, Sch 1.4 [1]. Subst 1999 No 6, Sch 1.5 [2]. Am 2000 No 100, Sch 6 [2].