Superannuation Industry (Supervision) Regulations 1994

In relation to each policy committee of a public offer superannuation fund, the trustee of the fund must:

ensure, so far as practicable, that the committee meets at least once in any 12‑month period; and

provide facilities that are reasonably necessary to enable the committee to meet and to function effectively.

A meeting may be held wholly or in part by means of a telephone conference connection among the committee members and, if a representative of the trustee is to attend, the representative.

The trustee must arrange for a representative of the trustee to attend each meeting of the committee that the committee requests the trustee to do so.

The trustee may recoup from the fund:

the costs of providing facilities for the committee to meet; and

the costs incurred by the trustee in attending a meeting of the committee; and

the costs incurred by the trustee in providing information to the committee.

The amount of costs recouped is determined in accordance with regulation 5.02