28 Mar 12 Exposure Draft - Intra fund consolidation of superannuation interests
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.