CORPORATIONS ACT 2001 - SECT 1054 Power to join other parties to superannuation complaint

CORPORATIONS ACT 2001 - SECT 1054

  (1)   AFCA may (subject to subsection   1056A(3)) at any time join, as a party to a superannuation complaint made under the AFCA scheme, any of the following persons whom AFCA decides should be a party to the complaint:

  (a)   a person who has applied to become a party to the complaint;

  (b)   a trustee of:

  (i)   a regulated superannuation fund; or

  (ii)   an AFCA regulated superannuation scheme; or

  (iii)   an approved deposit fund;

  (c)   an insurer;

  (d)   an RSA provider;

  (e)   a superannuation provider;

  (f)   a person whom AFCA decides is responsible for determining either or both of the existence and the extent of a disability (whether total and permanent or otherwise), if the subject matter of the complaint relates to a benefit in respect of the disability, whether under a contract of insurance or otherwise.

Note:   Section   1056A requires certain procedures to be followed before a person can be joined as a party to a superannuation complaint about a decision relating to the payment of a death benefit.

  (2)   If AFCA decides under subsection   (1) that a person should be a party to the complaint, AFCA must give the new party, and all of the existing parties to the complaint, written notice of the decision and of the reasons for the decision.

  (3)   If AFCA decides that a person who has applied to become a party to the complaint should not be a party to the complaint, AFCA must give the person written notice of the decision and of the reasons for the decision.