Superannuation Industry (Supervision) Regulations 1994

PART 3 - MATTERS PRESCRIBED OR SPECIFIED IN RELATION TO PUBLIC OFFER ENTITIES  

REGULATION 3.09   DISSOLUTION OF POLICY COMMITTEES  

3.09(1)   [ Trustee's duties deemed complied with ]  

A policy committee of a public offer superannuation fund may dissolve itself, and if it does so the trustee of the fund is taken to have complied with the trustee's duties under regulation 3.05 .

3.09(2)   [ Replacement committee ]  

If a policy committee dissolves itself and at least 5 members of the fund, being members in respect of whom the committee functioned, request the trustee of the fund in writing to form a replacement committee, the trustee must take all reasonable steps to do so.

3.09(3)   [ Application of regulations ]  

The provisions of regulations 3.06 , 3.07 and 3.08 , and this regulation, apply to a replacement committee.