Commonwealth Consolidated Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 253

                   The objects of this Part are:

                     (a)  to ensure that the Regulator has sufficient power to monitor superannuation entities (Division 2); and

                     (b)  to empower the Regulator to require the trustee, or the trustees, of a superannuation entity to appoint an individual, or a committee, to investigate the financial position of the entity (Division 3); and

                     (c)  to authorise the Regulator to conduct an investigation of the whole or a part of the affairs of a superannuation entity (Divisions 4, 5, 6, 7, 8 and 9); and

                     (d)  to authorise the Regulator to accept written undertakings and to apply to the Court for an order remedying breaches of such undertakings.