CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.10A - EXTERNAL DISPUTE RESOLUTION  

Division 3 - Additional provisions relating to superannuation complaints  

Subdivision C - Determinations of superannuation complaints  

SECTION 1055B   OPERATION OF DETERMINATION OF SUPERANNUATION COMPLAINT  

1055B(1)  
Subject to subsection (2), a determination of a superannuation complaint by AFCA comes into operation immediately upon the making of the determination.

1055B(2)  
AFCA may specify in the determination that the determination is not to come into operation until a later date specified in the determination and, if a later date is so specified, the determination comes into operation on that date.

1055B(3)  
If, under subsection 1055(4) or (5) , the determination varies a decision of another person, or substitutes a decision for a decision of another person, that decision as varied or substituted:


(a) is, for all purposes (other than the making of a complaint about the decision) taken to be a decision of the other person; and


(b) on the coming into operation of the determination by AFCA, unless AFCA otherwise orders, has effect, and is taken to have had effect, on and from the day on which the original decision has or had effect.


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