Superannuation Administration Act 1996

The Minister may, by order published in the Gazette, specify a day on which FTC is to be taken to be registered as a proprietary company limited by shares for the purposes of section 5H of the Corporations Act.

The Minister may make an order under subclause (1) only if the Minister is satisfied that—

the FTC Board has approved a constitution for registered FTC in accordance with the provisions of this Part, and

the FTC Board has approved persons to be members of registered FTC and the shares to be issued to those persons in accordance with the provisions of this Part, and

FTC has complied with section 5H (2) of the Corporations Act.

The Minister is to provide ASIC with a copy of an order made under this clause as soon as practicable after it is issued to FTC. However, a failure to provide such a copy does not affect the validity of the order.

An order under this clause cannot be challenged, reviewed or called into question in proceedings before any court or tribunal.

An order under this clause is conclusive evidence in any proceedings before a court or tribunal that all the requirements of this Schedule have been complied with concerning the registration of FTC under the Corporations Act as a proprietary company limited by shares.