Superannuation Safety Amendment Act 2004 (53 of 2004)

Schedule 2   Clarification of the application of the law to groups of trustees

Superannuation Industry (Supervision) Act 1993

12   Subsection 36(1)

Repeal the subsection (not including the note), substitute:


(1) Each trustee of a superannuation entity must, within the prescribed period after the year of income, ensure that APRA is given a copy of the report given to a trustee of the entity by an approved auditor under Part 13 in relation to the entity, and any RSE licensee of the entity, in respect of that year of income, certified to be a true copy of the report by:

(a) if the trustee is a body corporate - a responsible officer of the body corporate; or

(b) if the trustee is a member of a group of individual trustees - at least one of those trustees; or

(c) in any other case - the trustee.