Superannuation Industry (Supervision) Act 1993
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View history notePt 31 repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.
Div 2 repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.
Subdiv C repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.
(Repealed by No 154 of 2007)
S 364 repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007. S 364 formerly read:
S 364(2) amended by No 54 of 1998. S 364(3) amended by No 54 of 1998. Penalty: 250 penalty units. Chapter 2 of the
Criminal Code
sets out the general principles of criminal responsibility.
SECTION 364 ACTION TO BE TAKEN BY EXISTING MANAGEMENT COMPANY ON RECEIPT OF NOTICE UNDER SECTION 363
364(1)
If the existing management company receives a notice under section
363
, the existing management company must take action under subsection (2) or (3) within 2 months after receiving the notice.
364(2)
Subject to section
367
, the existing management company may retire from the office of management company of the Part
31
entity, and refuse to be appointed as its trustee, by giving written notice to APRA.
364(3)
Subject to section
367
, the existing management company may retire from the office of management company of the Part
31
entity, and agree to being appointed as its trustee, by giving written notice to APRA.
364(4)
The existing management company must not intentionally or recklessly contravene subsection (1).
Note:
S 364(4) amended by No 31 of 2001, s 3 and Sch 1 item 236, by inserting the note at the end, effective 15 December 2001.
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