Rule 313: Applying for approval of a superannuation fund in Form No. 188
Rule 313 prescribes the form for applying for approval of a superannuation fund under paragraph 4(1) of Part B of Schedule XI to the Act. Rules 301 to 315 govern approved superannuation funds under Part B of Schedule XI to the Act. The application is made in Form No. 188 and verified as indicated in it.
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Bare law
Rule 313 - Application of approval
Every application for approval of a Superannuation fund under paragraph 4(1) of Part B of Schedule XI to the Act shall be made in Form No. 188 and shall be verified in the manner indicated therein.
Rule breakdown
Requirements
Form No. 188.
Verified as indicated in the form.
Under paragraph 4(1) of Part B of Schedule XI.
Key takeaways
Form No. 188
Prescribed application form.
Paragraph 4(1)
Approval provision in Part B of Schedule XI.
Same form for gratuity
Rule 327 also uses Form No. 188.
Practical checklist
- Attach the trust deed and rules as required by the form.
Avoid
- Do not change fund rules after approval without consent (Rule 314).
FAQs
Which form is used to seek approval of a superannuation fund?
Form No. 188 (Rule 313).
Under which provision?
Paragraph 4(1) of Part B of Schedule XI.
Is the form the same for gratuity funds?
Yes, Rule 327 also prescribes Form No. 188.
Glossary
- Approval
- Approval of a superannuation fund under Part B of Schedule XI.
- Form No. 188
- Application form under Rules 313 and 327.