Commonwealth Consolidated Regulations

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SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 3.08

Policy committees -- duties of trustee

         (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



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