68AAEEmployer‑sponsor contribution exception

#### 68AAE Employer‑sponsor contribution exception (1) The employer‑sponsor contribution exception applies for a quarter to a member of regulated superannuation fund to, or in respect of, whom a benefit is provided by the fund under a choice product or MySuper product held by the member by taking out or maintaining insurance if: (a) an employer‑sponsor notifies the trustee of the fund in writing that the employer‑sponsor will pay insurance fees relating to the benefit for the member; and (b) the member is: (i) an employee of the employer‑sponsor, or an associate of the employer‑sponsor; or (ii) the relative or dependant of such an employee; and (c) the quarter ends after the employer‑sponsor notifies the trustee under paragraph (a); and (d) the amount the employer‑sponsor contributes to the fund for the quarter exceeds the amount that the employer‑sponsor would need to contribute to avoid an individual superannuation guarantee shortfall for the member for the quarter; and (e) that excess is equal to or greater than the insurance fees relating to the benefit for the quarter. (2) In this section: > quarter means a period of 3 months beginning on 1 January, 1 April, 1 July or 1 October.