SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 55D Governing rules void to the extent that they are inconsistent with obligations in relation to annual outcomes assessments and MySuper products

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 55D

    A provision of the governing rules of a regulated superannuation fund is void to the extent that it is inconsistent with:

  (a)   a covenant referred to in subsection   52(9), (12) or (13) that is contained, or taken to be contained, in the governing rules of the fund; or

  (b)   if the trustee of the fund is a body corporate--a covenant referred to in paragraph   52A(2)(f) that is contained, or taken to be contained, in the governing rules of the fund, to the extent that the covenant relates to a covenant referred to in subsection   52(9), (12) or (13).