Commonwealth Consolidated Acts Commonwealth Consolidated ActsA prudential standard determined under section 34C may include provisions:
(a) requiring an RSE licensee of a regulated superannuation fund who holds an accrued default amount:
(i) for a member of the fund who is not eligible to hold a MySuper product offered by the fund; or
(ii) for a member of a regulated superannuation fund of the RSE licensee that does not offer a MySuper product;
to transfer that amount to another regulated superannuation fund that includes a MySuper product; and
(b) setting out the requirements that must be met in relation to the transfer of such an accrued default amount; and
(c) dealing with other matters relating to such an accrued
default amount.