Superannuation Industry (Supervision) Regulations 1994

PART 3 - MATTERS PRESCRIBED OR SPECIFIED IN RELATION TO PUBLIC OFFER ENTITIES  

REGULATION 3.06   POLICY COMMITTEES - FUNCTIONS (PARAGRAPHS 91(3)(b), 92(3)(b) AND 93(3)(b) OF THE ACT)  

3.06(1)   [Functions of policy committees]  

For the purposes of paragraphs 91(3)(b) , 92(3)(b) and 93(3)(b) of the Act, a public offer superannuation fund to which section 91 , 92 or 93 of the Act applies is subject to the following rule, namely, that the functions that a policy committee of a fund may undertake include the following:

(a) providing an avenue:

(i) for members of the fund to inquire about the investment strategy and performance of the fund; and

(ii) for the trustee of the fund to obtain the views of members of the fund concerning that strategy and performance;

(b) providing an avenue for members of the fund to inquire about the fund's operation or performance;

(c) providing an avenue for the trustee of the fund to obtain the views of members of the fund concerning the fund's operation or performance;

(d) providing an avenue for the trustee of the fund to obtain the views of members of the fund on their information needs;

(e) assisting the trustee of the fund in dealing with complaints or inquiries about the operation or management of the fund.

3.06(2)   [Functions of trustees]  

Subregulation (1) is not to be taken as limiting by implication the functions and responsibilities of the trustee.