Superannuation Industry (Supervision) Act 1993
This section applies if a member of a registrable superannuation entity asks a person who has been an actuary of the registrable superannuation entity during a year of income of the entity a question at an annual members ' meeting for the entity for the year. 29PE(2)
The actuary must answer the question at the meeting or, if it is not reasonably practicable to do so, within 1 month after the meeting.
Penalty: 50 penalty units.29PE(3)
Subsection (2) does not apply:
(a) if the question is not relevant to:
(i) an action, or failure to act, by the RSE licensee in relation to the registrable superannuation entity or one or more members of the registrable superannuation entity; or
(ii) the registrable superannuation entity; or
(iii) an actuarial investigation of the registrable superannuation entity carried out by the actuary; or
(iv) any matter that might reasonably be expected to be apparent to the actuary of the entity in relation to the entity; or
(b) if it would be in breach of the governing rules of the registrable superannuation entity, this Act or any other law to answer the question; or
(c) if answering the question would result in detriment to the members of the registrable superannuation entity, taken as a whole; or
(d) in any other circumstances prescribed by the regulations.
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