Rule 311 requires trustees, when the employer's business is to be closed or discontinued, to make suitable arrangements for annuities for current employees, or their widows, children or dependants, with the approving authority's prior approval and conditions.
311
Rules 2026 · Rule 311
Arrangements on winding up, etc., of business (approved superannuation fund)
Rules 311-333
The rule. When the employer's business is to be closed or discontinued, the trustees, with the prior approval of and subject to the conditions imposed by the approving authority, make suitable arrangements for providing annuities to current employees, or to their widows, children or dependants if they die.