Superannuation Industry (Supervision) Act 1993

PART 16A - APRA ' S POWERS TO ISSUE DIRECTIONS  

Division 3 - Provisions relating to all directions under this act  

SECTION 131FA   RSE LICENSEE AND CONNECTED ENTITY HAVE POWER TO COMPLY WITH A DIRECTION UNDER THIS ACT  

131FA(1)    
An RSE licensee has power to comply with a direction given to the RSE licensee under this Act despite anything in its constitution or any contract or arrangement to which it is a party.

131FA(2)    
If the direction requires the RSE licensee to cause a connected entity to do, or not to do, something:

(a) the RSE licensee has power to cause the connected entity to do, or to not to do, the thing; and

(b) the connected entity has power to do, or not to do, the thing;

despite anything in the connected entity ' s constitution or any contract or arrangement to which the connected entity is a party.

131FA(3)    
A connected entity of an RSE licensee has power to comply with a direction given to the connected entity under this Act despite anything in its constitution or any contract or arrangement to which it is a party.