Superannuation Industry (Supervision) Regulations 1994

PART 4 - MANAGEMENT AND TRUSTEESHIP OF SUPERANNUATION ENTITIES  

Division 4.1 - Prescribed matters  

REGULATION 4.06   REMOVAL OF MEMBER REPRESENTATIVES - PRESCRIBED CIRCUMSTANCES  

4.06(1)   [Circumstances in which representative can be removed]  

For the purposes of sub-subparagraph 107(2)(a)(ii)(G) of the Act, the circumstances stated in subregulation (2) are prescribed as circumstances in which member representatives referred to in subparagraph 107(2)(a)(ii) of the Act can be removed other than by the same procedure by which they were appointed.

4.06(2)   [Prescribed circumstances]  

The circumstances referred to in subregulation (1) are:

(a) if the member representative resigns from the position of trustee, director of the trustee or representative on a policy committee; or

(b) if the member representative's tenure of that position expires; or

(c) if the member representative ceases to be a member of the fund; or

(d) if the member representative ceases to satisfy a condition that the member representative was required to satisfy to be eligible for appointment.