Superannuation Industry (Supervision) Act 1993
PART 17
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SUSPENSION OR REMOVAL OF TRUSTEE OF SUPERANNUATION ENTITY
SECTION 139A
ACTING TRUSTEE AUTHORISED TO OFFER A MYSUPER PRODUCT
139A(1)
This section applies if:
(a) the trustee, or the trustees, of a regulated superannuation fund is or are suspended or removed; and
(b) before the suspension or removal, the RSE licensee of the fund was authorised to offer a class of beneficial interest in the fund as a MySuper product.
139A(2)
The Regulator must not appoint a person to act as trustee of the fund unless the person has made elections of the kind referred to in sections 29SAA , 29SAB and 29SAC .
139A(3)
The person appointed to act as trustee of the fund is taken to have been authorised to offer that class of beneficial interest in the fund as a MySuper product.
This section applies if:
(a) the trustee, or the trustees, of a regulated superannuation fund is or are suspended or removed; and
(b) before the suspension or removal, the RSE licensee of the fund was authorised to offer a class of beneficial interest in the fund as a MySuper product.
139A(2)
The Regulator must not appoint a person to act as trustee of the fund unless the person has made elections of the kind referred to in sections 29SAA , 29SAB and 29SAC .
139A(3)
The person appointed to act as trustee of the fund is taken to have been authorised to offer that class of beneficial interest in the fund as a MySuper product.
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