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View history notePt 31 repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.
Div 2 repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.
Subdiv C repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.
(Repealed by No 154 of 2007)
S 365 repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007. S 365 formerly read:
S 365(1) amended by No 54 of 1998. S 365(2) amended by No 54 of 1998. S 365(3) amended by No 54 of 1998.
SECTION 365 APRA TO APPOINT NEW TRUSTEE
365(1)
Subject to subsections (2) and (3), if APRA receives a notice under section
363
, APRA must appoint a constitutional corporation as the new trustee of the Part
31
entity.
365(2)
If APRA also receives a notice under subsection
364(2)
, APRA must not appoint the existing management company as the new trustee.
365(3)
If APRA also receives a notice under subsection
364(3)
, APRA must appoint the existing management company as the new trustee.
365(4)
The appointment of the new trustee does not take effect except as provided in section
366
.
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