Superannuation Industry (Supervision) Regulations 1994

PART 3 - MATTERS PRESCRIBED OR SPECIFIED IN RELATION TO PUBLIC OFFER ENTITIES  

REGULATION 3.08   POLICY COMMITTEES - DUTIES OF TRUSTEE  

3.08(1)   [Trustees to ensure meetings]  

In relation to each policy committee of a public offer superannuation fund, the trustee of the fund must:

(a) ensure, so far as practicable, that the committee meets at least once in any 12-month period; and

(b) provide facilities that are reasonably necessary to enable the committee to meet and to function effectively.

3.08(2)   [Meeting by telephone conference]  

A meeting may be held wholly or in part by means of a telephone conference connection among the committee members and, if a representative of the trustee is to attend, the representative.

3.08(3)   [Trustee representative to attend]  

The trustee must arrange for a representative of the trustee to attend each meeting of the committee that the committee requests the trustee to do so.

3.08(4)   [Costs may be recouped]  

The trustee may recoup from the fund:

(a) the costs of providing facilities for the committee to meet; and

(b) the costs incurred by the trustee in attending a meeting of the committee; and

(c) the costs incurred by the trustee in providing information to the committee.

Note: The amount of costs recouped is determined in accordance with regulation 5.02 .