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Treasury has released for public consultation an exposure draft for the intra fund consolidation of superannuation interests and the accompanying explanatory materials.

This measure will provide Funds a framework within which to administer intra fund consolidation. The amendments place a duty on trustees to establish and publish rules setting out a procedure for consolidating a member’s inactive interests within their fund on an annual basis.

The closing date for submissions is Friday 13 April 2012.


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