SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 3.08 Policy committees--duties of trustee

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 3.08

  (1)   In relation to each policy committee of a public offer superannuation fund, the trustee of the fund must:

  (a)   ensure, so far as practicable, that the committee meets at least once in any 12 - month period; and

  (b)   provide facilities that are reasonably necessary to enable the committee to meet and to function effectively.

  (2)   A meeting may be held wholly or in part by means of a telephone conference connection among the committee members and, if a representative of the trustee is to attend, the representative.

  (3)   The trustee must arrange for a representative of the trustee to attend each meeting of the committee that the committee requests the trustee to do so.

  (4)   The trustee may recoup from the fund:

  (a)   the costs of providing facilities for the committee to meet; and

  (b)   the costs incurred by the trustee in attending a meeting of the committee; and

  (c)   the costs incurred by the trustee in providing information to the committee.

Note:   The amount of costs recouped is determined in accordance with regulation   5.02