Commonwealth Numbered Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 15

15.(1) For the purposes of paragraph (c) of the definition of "approved
purposes" in section 10, if:

   (a)  an amount is deposited with an approved deposit fund; and

   (b)  on the request of a beneficiary, the amount is paid by the fund to a
        life insurance company or registered organisation for the purchase of
        an annuity in the name of the beneficiary; the amount is taken to be a
        repayment by the fund of the amount concerned to the beneficiary on
        request.

(2) A reference in subsection (1) to a beneficiary includes a reference to the
legal personal representative of a beneficiary.