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GOVERNANCE OF AUSTRALIAN GOVERNMENT SUPERANNUATION SCHEMES ACT 2011 - SECT 38 Regulations

GOVERNANCE OF AUSTRALIAN GOVERNMENT SUPERANNUATION SCHEMES ACT 2011 - SECT 38

Regulations

  (1)   The Governor - General may make regulations prescribing matters:

  (a)   required or permitted by this Act to be prescribed; or

  (b)   necessary or convenient to be prescribed for carrying out or giving effect to this Act.

  (2)   Without limiting subsection   ( 1), the regulations may prescribe a different number of other directors for the purpose of paragraph   11(1)(b).

  (3)   If regulations allowed by subsection   ( 2) are made, regulations must also be made that prescribe different numbers, consistent with the proportions set out in this Act, for the purposes of:

  (a)   how many persons may be nominated by the President of the Australian Council of Trade Unions and the Chief of the Defence Force; and

  (b)   quorum and voting requirements.

  (4)   Without limiting subsection   ( 1), the regulations may prescribe different time periods for the purpose of subsection   30(5). However, the regulations may not extend the 6 month period referred to in that subsection.