Superannuation Legislation Amendment (Trustee Board and Other Measures) (Consequential Amendments) Act 2008 (26 of 2008)

Schedule 1   Main amendments

Australian Prudential Regulation Authority Act 1998

32   Subsection 25(3)

Repeal the subsection, substitute:

(3) In spite of anything contained in this section, if an APRA member:

(a) is an eligible employee for the purposes of the Superannuation Act 1976; and

(b) has not reached his or her maximum retiring age (within the meaning of that Act);

then he or she is not capable of being retired from office on the ground of invalidity (within the meaning of Part IVA of that Act) unless the Board (within the meaning of that Act) has given a certificate under section 54C of that Act.