Obligation on individual trustees to answer questions
29PC Obligation on individual trustees to answer questions
This section applies if a member of a registrable superannuation entity asks an individual trustee for the entity a question at an annual members’ meeting for the entity.
The individual trustee 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 provision refers to the regulations (prescribed by the regulations
). Made under this Act:
- Superannuation Industry (Supervision) Regulations 1994 · under s 353
15 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Second reading speech
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