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SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 3.09 Dissolution of policy committees

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 3.09

Dissolution of policy committees

  (1)   A policy committee of a public offer superannuation fund may dissolve itself, and if it does so the trustee of the fund is taken to have complied with the trustee's duties under regulation   3.05.

  (2)   If a policy committee dissolves itself and at least 5 members of the fund, being members in respect of whom the committee functioned, request the trustee of the fund in writing to form a replacement committee, the trustee must take all reasonable steps to do so.

  (3)   The provisions of regulations   3.06, 3.07 and 3.08, and this regulation, apply to a replacement committee.

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