SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 6 - PROVISIONS RELATING TO GOVERNING RULES OF SUPERANNUATION ENTITIES  

SECTION 54C   OTHER COVENANTS MUST NOT BE CONTRAVENED  

54C(1)  
A person must not contravene any other covenant contained, or taken to be contained, in the governing rules of a superannuation entity.

54C(2)  
A contravention of subsection (1) is not an offence.

54C(3)  
A contravention of subsection (1) does not result in the invalidity of a transaction.

54C(4)  
This section does not limit the operation of section 55 .

Note:

A contravention of subsection (1) may result in an action to recover loss or damage under section 55 .


 

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