Lump sum - full roll over by member
Product type: Standard template | no legal review or advice
Price: $88.00
This document set is only appropriate for the situation where a member is cashing out their entire interest in the superannuation fund with the intention of rolling over their benefit to another superannuation fund and thereby ceasing to be a member of the superannuation fund.
As the Member is rolling over their entire benefit, the Member cannot continue to participate in the management of the superannuation fund by remaining a trustee or a director of the corporate trustee. The Member must cease to be a trustee or director of the corporate trustee as soon as possible after the rolling over request has been made but in any event within six months of the benefit being cashed out.
The resolutions confirm the issue of a Superannuation Lump Sum Pre-Payment Statement (NAT 70764) and authorise the various actions required for the payment of the superannuation lump sum to the member.
The document is not appropriate for the situation where the payment is a death benefit or a terminal medical condition payment.
For superannuation funds governed by non-SUPERCentral or non-Townsends Business & Corporate Lawyers governing rules, please review the applicable trust deed and governing rules to determine if the template is suitable for the Superannuation Fund.
Documents include:
- Rollover checklist
- Application for full rollover of a members benefit
- Written resolutions
© This document set provides a single use licence - please submit a new set of instructions for an additional member.
For assistance or more information please call the SUPERCentral Help Desk on 02 8296 6266 or make an enquiry.