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Superannuation Industry (Supervision) Act 1993
55ARules about cashing benefits after death of members
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55A Rules about cashing benefits after death of members
(1) The governing rules of a regulated superannuation fund must not permit a fund member’s benefits to be cashed after the member’s death otherwise than in accordance with standards prescribed for the purposes of section 31. (2) If the governing rules of a fund are inconsistent with subsection (1): (a) subsection (1) prevails; and (b) the governing rules are invalid, to the extent of the inconsistency.