Superannuation Industry (Supervision) Regulations 1994
The trustee of a defined benefit fund to which this Division applies must, in accordance with this Division, obtain from a superannuation actuary a funding and solvency certificate in relation to the fund.
The Regulator may direct the trustee of the fund, in writing, to obtain from a superannuation actuary a new or replacement funding and solvency certificate if the Regulator considers, on reasonable grounds, that to do so would be:
(a) in the prudential interests of the fund; and
(b) in the best interests of the members of the fund.
The trustee of the fund must comply with a written direction under subregulation (1A).
The trustee of the fund must, as soon as practicable, give a copy of a certificate obtained under this regulation to each employer-sponsor who has contributed or is contributing to the fund.
[ CCH Note: MODIFICATION DECLARATION No 1 of 2008 : (Registered on and effective 25 November 2008 applicable to all RSE Licensees):
Subregulation 9.09(2) of the SIS Regulations is modified by omitting subregulation 9.09(2) and substituting:
9.09(2) The trustee of the fund must, as soon as practicable, give a copy of a certificate obtained under this regulation to each employer-sponsor who has contributed, is contributing, or has the obligation to contribute, to the fund in respect of one or more defined benefit members of the fund.