SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 25 - MONITORING AND INVESTIGATION  

Division 3 - APRA may require trustee of superannuation entity to appoint an individual, or a committee, to investigate the financial position of the entity  

SECTION 261   CONTENTS OF REPORT ETC.  

261(1)   [APRA's requirement]  

APRA's notice under section 257 may require the report to contain a statement of the person's opinion or the committee's opinion, as the case may be, about such matters as are specified in the notice.

261(2)   [Statement of opinion]  

Subject to subsection (3), if APRA's notice under section 257 includes a requirement of a kind mentioned in subsection (1) of this section, the person's report or the committee's report must contain a statement of the person's opinion or the committee's opinion, as the case may be, about the matters specified in the notice.

261(3)   [Divided report]  

If the members of a committee are divided:


(a) if the division relates to the content of a statement of the committee's opinion about a particular matter - the committee's report must contain statements of the respective members' opinions about that matter; or


(b) in any other case - the committee's report is to be divided accordingly.

261(4)   [Report signatories]  

The report must be signed by the person or persons appointed.




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