SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 6 - PROVISIONS RELATING TO GOVERNING RULES OF SUPERANNUATION ENTITIES  

SECTION 60A   DISMISSAL OF TRUSTEE OF PUBLIC OFFER ENTITY  

60A(1)   [Rules governing removal]  

Subject to subsection (2), the governing rules of a public offer entity must not permit the trustee to be removed by a person other than APRA.

Note:

Part 17 provides for the removal of trustees by APRA.

60A(2)   [Removal specified in regulations]  

Subsection (1) does not apply to a removal of a kind specified in regulations made for the purposes of this subsection.

60A(3)   [Inconsistent rules invalid]  

If the governing rules of the public offer entity are inconsistent with subsection (1), that subsection prevails, and the governing rules are, to the extent of the inconsistency, invalid.


 

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