Commonwealth Numbered Regulations

1991 No. 150 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 6

  6.1   Subregulation 13(1):

Omit all words from and including "the number of trustees" to and including
"governing rules of each such fund:", substitute "large funds:".
  6.2   Paragraph 13 (1) (b):

Omit "provides", substitute "provide".
  6.3   Paragraph 13 (1) (c):
Omit the paragraph, substitute:

"(c) subject to paragraph (e), where:

        (i)    a body corporate acts as the sole trustee of a large fund under
               the governing rules of the fund; and

        (ii)   paragraph (b) does not apply; the board of the body corporate
               must comprise equal numbers of member representatives and
               employer representatives;".
  6.4   Subregulation 13 (2): Omit the subregulation, substitute:


"(2) In this regulation, 'large fund' means:

   (a)  in relation to the period before 1 July 1995:

        (i)    a private sector fund established on or after 16 December 1985;
               and

        (ii)   a public sector fund established on or after 25 May 1988;
               having 200 or more members; and

   (b)  in relation to the period beginning on 1 July 1995, a superannuation
        fund having 200 or more members.".