Commonwealth Consolidated Acts

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 99B

No entry fees

  (1)   The trustee, or the trustees, of a regulated superannuation fund or an approved deposit fund must not charge entry fees.

  (2)   An entry fee is a fee, other than a buy - sell spread, that relates, directly or indirectly, to the issuing of a beneficial interest in a superannuation entity to a person who is not already a member of the entity.


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