Superannuation Industry (Supervision) Amendment Regulations 2002 (No. 4) (171 of 2002)

Schedule 1   Amendments

[4]   After Division 2.4

insert

Division 2.5 Information on request

2.30 Application

(1) This Division applies to a superannuation entity.

(2) For subsections 31 (1), 32 (1) and 33 (1) of the Act, a requirement of this Division is a standard applicable to the operation of a superannuation entity.

2.31 Documents may be made available for inspection

It is sufficient compliance with a requirement under this Division to give information, or to give a copy of a document, to a person if:

(a) a document containing the information; or

(b) a copy of the document;

as the case requires, is made available for inspection by the person:

(c) at a suitable place (having adequate facilities for the person to inspect and photocopy the document); and

(d) during normal business hours;

or as otherwise agreed between the trustee of a superannuation entity who is required to give the information to the person, and the person.

2.32 Time for compliance

The trustee of a superannuation entity must comply with a request to give information, or a copy of a document, as soon as practicable, and in any event the trustee must make reasonable efforts to comply with the request within 1 month after receiving the request.

2.33 Specific requirements

(1) In this regulation:

concerned person has the same meaning as in section 1017C of the Corporations Act 2001.

(2) The trustee of a superannuation entity (other than a self managed superannuation fund) must give to a person (other than a concerned person), on request in writing by the person, a copy of any of the following documents (to the extent the trustee has access to the documents) specified in the request:

(a) audited accounts of the superannuation entity, together with (whether or not specifically requested) the auditor's report in relation to the accounts;

(b) for a regulated superannuation fund or approved deposit fund - a copy of the fund information that was most recently given to the members;

(c) for a PST - a copy of the information mentioned in Subdivision 5.7 of Part 7.9 of the Corporations Regulations 2001 that was most recently given to the members.