Commonwealth Numbered Acts

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 189

Amounts recovered to be held on trust for certain interest-holders
189. An amount recovered in an action under this Division in respect of an
application for, or agreement to apply for, particular superannuation
interests:

   (a)  is to be held by the trustee of the superannuation entity concerned on
        behalf of the persons who, at the time of the application or
        agreement, had superannuation interests in the entity; and

   (b)  is to be held on their behalf in the respective proportions that, at
        that time, their individual interests bore to the total of those
        interests. 


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