Superannuation Industry (Supervision) Amendment Regulations 2004 (No. 3) (113 of 2004)

Schedule 1   Amendments commencing on 1 July 2004

[14]   After subregulation 9.09 (1)

insert

(1A) The Regulator may direct the trustee of the fund, in writing, to obtain from an actuary a new or replacement funding and solvency certificate if the Regulator considers, on reasonable grounds, that to do so would be:

(a) in the prudential interests of the fund; and

(b) in the best interests of the members of the fund.

(1B) The trustee of the fund must comply with a written direction under subregulation (1A).