Regulator to make annual performance assessments
60C Regulator to make annual performance assessments
This section applies in relation to each entity that is a regulated superannuation fund (other than a regulated superannuation fund with no more than 6 members).
APRA must determine in relation to each financial year, for each Part 6A product offered by the entity, whether the requirement in subsection 60D(1) has been met.
APRA must give the trustee or trustees of the entity a notification of the determination. The notification must include a copy of the determination.
APRA must make the determination and give the notification:
in writing; and
within a period, starting after the end of the financial year, worked out under regulations made for the purposes of this subsection.
APRA must ensure that a description of the contents of every notification it gives under subsection (3) in relation to a financial year is published, within the period mentioned in paragraph (4)(b), on a website maintained by APRA.
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