ASIC and APRA facilitate "intra-fund" superannuation member benefit transfers

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AUSTRALIA - The Australian Securities and Investments Commission (ASIC), in conjunction with the Australian Prudential Regulation Authority (APRA), has issued a new Class Order that facilitates "intra-fund" superannuation member benefit transfers.

An intra-fund transfer is a transfer of fund members and their benefits between superannuation products within a regulated superannuation fund. The Class Order will permit members of funds to be...

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