SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 17 - SUSPENSION OR REMOVAL OF TRUSTEE OF SUPERANNUATION ENTITY  

SECTION 139A   ACTING TRUSTEE AUTHORISED TO OFFER A MYSUPER PRODUCT  

139A(1)  
This section applies if:


(a) the trustee, or the trustees, of a regulated superannuation fund is or are suspended or removed; and


(b) before the suspension or removal, the RSE licensee of the fund was authorised to offer a class of beneficial interest in the fund as a MySuper product.

139A(2)  
The Regulator must not appoint a person to act as trustee of the fund unless the person has made elections of the kind referred to in sections 29SAA , 29SAB and 29SAC .

139A(3)  
The person appointed to act as trustee of the fund is taken to have been authorised to offer that class of beneficial interest in the fund as a MySuper product.




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