Superannuation Industry (Supervision) Act 1993

PART 6 - PROVISIONS RELATING TO GOVERNING RULES OF SUPERANNUATION ENTITIES  

SECTION 54C   OTHER COVENANTS MUST NOT BE CONTRAVENED  

54C(1)    
A person must not contravene any other covenant contained, or taken to be contained, in the governing rules of a superannuation entity.

54C(2)    
A contravention of subsection (1) is not an offence.

54C(3)    
A contravention of subsection (1) does not result in the invalidity of a transaction.

54C(4)    
This section does not limit the operation of section 55 .

Note:

A contravention of subsection (1) may result in an action to recover loss or damage under section 55 .