Superannuation Industry (Supervision) Regulations 1994

A policy committee of a public offer superannuation fund may dissolve itself, and if it does so the trustee of the fund is taken to have complied with the trustee’s duties under regulation 3.05.

If a policy committee dissolves itself and at least 5 members of the fund, being members in respect of whom the committee functioned, request the trustee of the fund in writing to form a replacement committee, the trustee must take all reasonable steps to do so.

The provisions of regulations 3.06, 3.07 and 3.08, and this regulation, apply to a replacement committee.