Superannuation Industry (Supervision) Regulations 1994

For the purposes of paragraphs 91(3)(b), 92(3)(b) and 93(3)(b) of the Act, a public offer superannuation fund to which section 91, 92 or 93 of the Act applies is subject to the following rule, namely, that the functions that a policy committee of a fund may undertake include the following:

providing an avenue:

for members of the fund to inquire about the investment strategy and performance of the fund; and

for the trustee of the fund to obtain the views of members of the fund concerning that strategy and performance;

providing an avenue for members of the fund to inquire about the fund’s operation or performance;

providing an avenue for the trustee of the fund to obtain the views of members of the fund concerning the fund’s operation or performance;

providing an avenue for the trustee of the fund to obtain the views of members of the fund on their information needs;

assisting the trustee of the fund in dealing with complaints or inquiries about the operation or management of the fund.

Subregulation (1) is not to be taken as limiting by implication the functions and responsibilities of the trustee.