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

54   At the end of subsection 133(1)

Add:

; or (d) where the superannuation entity is a superannuation fund with fewer than 5 members (other than a self managed superannuation fund) - the trustee is not an approved trustee.