SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 131FA RSE licensee and connected entity have power to comply with a direction under this Act
SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 131FA
RSE licensee and connected entity have power to comply with a direction under this Act(1) An RSE licensee has power to comply with a direction given to the RSE licensee under this Act despite anything in its constitution or any contract or arrangement to which it is a party.
(2) If the direction requires the RSE licensee to cause a connected entity to do, or not to do, something:
(a) the RSE licensee has power to cause the connected entity to do, or to not to do, the thing; and
(b) the connected entity has power to do, or not to do, the thing;
despite anything in the connected entity's constitution or any contract or arrangement to which the connected entity is a party.
(3) A connected entity of an RSE licensee has power to comply
with a direction given to the connected entity under this Act despite anything
in its constitution or any contract or arrangement to which it is a party.