Superannuation Industry (Supervision) Amendment Regulations 2007 (No. 5) (343 of 2007)

Schedule 1   Amendments commencing on commencement of Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007

[16]   After subregulation 11.07 (2)

insert

(2A) For subsections 31 (1), 32 (1) and 33 (1) of the Act, it is a standard applicable to the operation of a superannuation entity other than a self managed superannuation fund that an incoming trustee must give written notice to the Regulator that it has commenced as a trustee of the entity.

(2B) A notice mentioned in subregulation (2A) must be given as soon as practicable after the RSE licensee has commenced as a trustee of the entity but, in any event, no later than 5 days after that date.