Obligation on responsible officers of RSE licensees to answer questions
29PB Obligation on responsible officers of RSE licensees to answer questions
This section applies if a member of a registrable superannuation entity asks a responsible officer of the RSE licensee for the entity a question at the meeting.
The responsible officer of the RSE licensee must answer the question at the meeting or, if it is not reasonably practicable to do so, within 1 month after the meeting.
Penalty: 50 penalty units.
Subsection (2) does not apply:
if the question is not relevant to:
an action, or failure to act, by the RSE licensee in relation to the registrable superannuation entity or one or more members of the registrable superannuation entity; or
the registrable superannuation entity; or
if it would be in breach of the governing rules of the registrable superannuation entity, this Act or any other law to answer the question; or
if answering the question would result in detriment to the members of the registrable superannuation entity, taken as a whole; or
in any other circumstances prescribed by the regulations.
This Act’s bill:Second reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.