Superannuation Industry (Supervision) Act 1993
PART 14
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OTHER PROVISIONS APPLYING TO SUPERANNUATION ENTITIES
SECTION 116
116
AGREEMENT BETWEEN TRUSTEE AND INVESTMENT MANAGER
Despite anything in the governing rules of a superannuation entity, any provision of an agreement between a trustee of the entity and an investment manager that purports to exempt the investment manager from liability for negligence, or to limit that liability, is void.
Despite anything in the governing rules of a superannuation entity, any provision of an agreement between a trustee of the entity and an investment manager that purports to exempt the investment manager from liability for negligence, or to limit that liability, is void.
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