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Superannuation Data and Payment Standards (Release Authorities, and SMSF Rollovers) Amendment 2021
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This Standard does not apply to an APRA-regulated superannuation entity in relation to a closed product.
Closed product for the purposes of clause 6, means a product that does not receive any contributions or rollovers, whether from an existing member or any other person, but that may rollover or transfer a member’s withdrawal benefit to another superannuation entity.
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6 The Standard does not apply to certain transactions