Superannuation Legislation Amendment Act (No. 3) 1999 (121 of 1999)
Schedule 1 Amendment of the Superannuation Industry (Supervision) Act 1993 relating to self managed superannuation funds
Part 1 Regulation of self managed superannuation funds
49 After section 121
121A Person not to be trustee of certain small funds unless an approved trustee
A person must not be, or act as, a trustee of a superannuation entity that is a superannuation fund with fewer than 5 members (other than a self managed superannuation fund) unless the person is an approved trustee.