Superannuation Industry (Supervision) Regulations 1994
[ CCH Note: Pt 4 is to have effect, in relation to regulated superannuation funds, and their trustees, as if it were modified by inserting reg 4.08A - see Modification Declaration No 10 under reg 4.08A .]
For the purposes of subparagraph 108(2)(a)(v) of the Act, the circumstances stated in subregulation (2) are prescribed as circumstances in which an additional independent trustee or additional independent director (the office-holder ) referred to in paragraph 108(2)(a) of the Act can be removed other than by the same procedure by which they were appointed.4.07(2) [Prescribed circumstances]
(a) if the office-holder resigns from office; or
(b) if the office-holder's tenure of office expires; or
(c) if the office-holder ceases to be:
(i) in the case of an additional independent trustee - an independent trustee; or
(ii) in the case of an additional independent director - an independent director; or
(d) if the office-holder ceases to satisfy a condition that the office-holder was required to satisfy to be eligible for appointment.
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